Dictionary

power of sale

the right of a creditor (=person owed money) to force the sale of property offered as security on a loan without going to court A power of sale is implied into every mortgage (=agreement to borrow money to buy eg a house) made by deed.

Phrase Bank

  • The bank exercised its power of sale.
  • The company is hereby granted a power of sale.
  • A power of sale arises by operation of law.
  • The mortgage contained an express power of sale.