Distress

Definition

• The right of a party to sell the real or personal property of another party to pay for arrears in rent or loan payments.

Synonyms
stress, bleakness, upset, desolation

Related Terms and Acronyms

• Asset Case — Definition,
  • A bankruptcy proceeding where there are non-exempt assets that might be accessible to pay creditor's claims.
• Creditor — Definition,
  • One who is owed money.
• Title Defect — Definition,
  • A legal claim by others to property, or the right to make demands upon an owner.