power of sale
power of sale
The right to sell land when a mortgage is in default. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • power of sale — see power 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. power of sale …   Law dictionary

  • Power Of Sale — A clause written into a mortgage authorizing the mortgagee (lender) to sell the property in the event of default, in order to repay the mortgage debt. As a mortgage term, power of sale is equivalent to the term foreclosure. The power of sale is… …   Investment dictionary

  • power of sale — A provision in a chattel mortgage for the enforcement of the lien of the mortgage by sale, without the necessity of resort to judicial proceedings. 15 Am J2d Chat Mtg §§ 127 et seq. A provision in a real estate mortgage, or in a separate… …   Ballentine's law dictionary

  • testamentary power of sale — A power of sale of real or personal property of a decedent conferred upon the executor of the estate of the decedent by his will. 31 Am J2d Ex & Ad § 437. Where a power of sale is given to an executor by virtue of his office, and not to him as an …   Ballentine's law dictionary

  • power of disposal — An expression used in reference to the power of one other than the owner of property to dispose of it by will. See power of appointment; power of sale …   Ballentine's law dictionary

  • Power of attorney — For the television program, see Power of Attorney (TV show). A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another s behalf in private affairs, business, or some other legal matter. The person… …   Wikipedia

  • power of attorney — A written instrument, known as a power of attorney, letter of attorney, or warrant of attorney, People v Smith, 112 Mich 192, 70 NW 466, by which one person, as principal, appoints another as his agent and confers upon him the authority to… …   Ballentine's law dictionary

  • Point of sale — This article is about checkout technology. For managed care, see point of service plan. Points of sale at a Target store …   Wikipedia

  • The Power of Half — The Power of Half: One Family s Decision to Stop Taking and Start Giving Back   …   Wikipedia

  • The Power of Sympathy — (1789) is a novel written by William Hill Brown, usually considered to be the first American novel.The story of The Power of Sympathy In January 1789, Isaiah Thomas and Company published Brown’s The Power of Sympathy , his first novel. One of the …   Wikipedia

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