法律英语单词“notice of default”的读音、释义及例句-英汉汉英法律词典-国际律师联盟

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词汇	notice of default
释义	`1`notice of default`2` "LAW.COM Dictionary": n. a notice to a borrower with property as security under a mortgage or deed of trust that he/she is delinquent in payments. If the delinquency (money owed and late), plus costs of preparing the legal papers for the default, are not paid within a certain time, foreclosure proceedings may be commenced. Other people with funds secured by the same property are usually entitled to receive copies of the notice of default. See also: notice
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