HomeTermsCompareFinance Deficiency JudgmentThe definition for Deficiency Judgment:Commonly the amount for which the borrower is personally liable on a note and mortgage if the foreclosure sale does not bring enough to cover the debt. Actually the judgment is for the total amount and not for the deficiency, the recovery from the foreclosure sale being deducted from this amount. Click to compare definitions of Deficiency Judgment Click to view definitions beginning de |