What is another word for POWER OF SALE?
Pronunciation: [pˈa͡ʊəɹ ɒv sˈe͡ɪl] (IPA) 
The term "Power of Sale" refers to the legal right of a lender to sell a property without the involvement of the court, if the borrower defaults on their mortgage payments. There are several synonyms for Power of Sale that can be used interchangeably, including "foreclosure," "repossession," and "distraint." Each of these terms describes the same process of a lender taking back possession of a property that has been used as collateral for a loan. Whether you use the term "Power of Sale" or one of its synonyms, the end goal remains the same - the lender is seeking to collect their outstanding debt by selling the property in question.
