Notice of Sale

Definitions (2)

1. The notice which a lender is usually required to give before foreclosure sale of collateral.
2. An advertisement placed by a municipal bond issuer inviting underwriters to submit bids for an upcoming offering.

Use Notice of Sale in a sentence

You should always make sure that you give out the notice of sale so that the other party has a record of it.

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The Notice of Sale was given for the recently foreclosed real estate property formerly owned by the defendant, now owned by the bank.

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Since John Smith lost his job and was unable to make his mortgage payments, he was not surprised when he received a 3 day notice of sale from the bank.

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