Financement
Surplus Funds Right
Right to foreclosure auction surplus balances
Definition
A statutory protection ensuring that if a lending institution forecloses and auctions off an asset, any financial cash balance remaining after fully satisfying the underlying debt belongs to the borrower.
FR
Droit de Surplus
Droit au solde créditeur après saisie
Keywords
droit de surplushypothequebanquesaisievente aux encheres