The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

CERTIFICATE OF CLAIM Definition & Legal Meaning

Definition & Citations:

if a foreclosure sale on a mortgaged asset fails to generate sufficient monies to cover the loan balance, interest, and other costs, the borrower will undertake to reimburse the lender with the expectation of this part of a loan agreement.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.