TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

POWER SALE [1 record]

Record 1 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
DEF

The right of the holder of a mortgage or conditional sales contract to sell the underlying security and apply the proceeds towards recovery of the amount outstanding when the terms of the agreement have otherwise not been satisfied.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
DEF

En common law, droit du créancier hypothécaire ou du vendeur bénéficiant d'une clause de réserve de propriété de vendre le bien qui lui sert de garantie et de se payer sur le prix de vente (sans autorisation préalable de la justice) lorsque le débiteur manque à ses obligations.

OBS

pouvoir de vente : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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