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Definitions from WordNet

Definitions from the Web

Term: Forced Sale

Definition: A forced sale refers to the act of selling a property or asset against the owner's wishes or under legal compulsion, often due to financial difficulties, court orders, or foreclosure.

Senses:

1. Noun: A sale of property compelled by external forces such as legal obligations or financial constraints.

- Example sentence 1: During the economic crisis, many homeowners faced forced sales of their properties as they were unable to keep up with their mortgage payments.

- Example sentence 2: The court ordered a forced sale of the business assets to settle the outstanding debts of the company.

2. Noun: A type of sale where the seller is obligated to sell at a lower price than the market value.

- Example sentence 1: The distressed homeowner had to accept a forced sale of their house, resulting in a significant loss of value.

- Example sentence 2: The antique shop organized a forced sale of their inventory, offering rare items at heavily discounted prices.

3. Adjective: Describing a sale that is compelled or enforced, usually due to legal or financial circumstances.

- Example sentence 1: The forced sale of the property happened after a long legal battle between the heirs of the deceased.

- Example sentence 2: The bankruptcy of the company led to a series of forced sales to recover funds for the creditors.

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