变卖所得 meaning in Chinese

proceeds from the selling off

If the pledgor refuses to provide the additional security , the pledgee may auction or sell the pledged property , and conclude an agreement with the pledgor that the proceeds from the auction or sale shall be used to pay in advance the debt secured or be deposited with a third party as agreed upon with the pledgor
出质人不提供的，质权人可以拍卖或者变卖质物，并与出质人协议将拍卖或者变卖所得的价款用于提前清偿所担保的债权或者向与出质人约定的第三人提存。