Legal Definitions - antideficiency legislation

Antideficiency legislation is a law that provides revenue to cover a budget deficiency or limits the rights of secured creditors to recover in excess of the security. For example, if a government agency spends more money than it has been allocated, antideficiency legislation can provide additional funds to cover the shortfall.

Another example of antideficiency legislation is a law that limits the amount of money that a creditor can recover from a debtor. This type of legislation is designed to protect debtors from being forced to pay more than they owe.

Overall, antideficiency legislation is important because it helps to ensure that government agencies and creditors do not exceed their budgets or take advantage of debtors.