FAIR-VALUE LAW

FAIR-VALUE LAW fair-value law. A statute allowing a credit against a deficiency for the amount that the fair market value of land exceeds the price at foreclosure. ¡ª Also termed fair-value legislation. [Cases: Mortgages 559(7), 561. 7. C.J.S. Mortgages ¡ì¡ì 938, 943, 956.] How many interpretations of the term FAIR-VALUE LAW are there in Chinese?