The price that a secured party obtains on a sale of collateral is all that the creditor can recover on the debt regardless of any deficiency.

Name: The price that a secured party obtains on a sale of collateral is all that the creditor can recover on the debt regardless of any deficiency.
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A secured party can recover the remaining balance of the debt, known as a deficiency, if the sale of collateral does not cover the full amount owed.

The Price That a Secured Party Obtains on a Sale