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ABSOLUTE-BAR RULE

absolute-bar rule.The principle that, when a creditor sells collateral without giving reasonable

notice to the debtor, the creditor may not obtain a deficiency judgment for any amount of the debt

that is not satisfied by the sale. [Cases: Mortgages    375, 559(3); Secured Transactions    230, 240.

C.J.S.  Mortgages  §§  674–676,  934–935,  937,  950;  Secured  Transactions  §§  162–170,  172,

174–175.] [Blacks Law 8th]