A ________ is a judgment of a court that permits a secured lender to recover other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan.

Question

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A deficiency judgment is a court order that allows a secured lender to recover additional property or income from a borrower who has defaulted on a loan and the collateral is not enough to repay the outstanding debt. This judgment allows the lender to pursue other assets of the borrower to satisfy the remaining debt.

A ________ Is a Judgment of a Court That Permits