judicial sale

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Definitions from WordNet

Noun judicial sale has 1 sense

sheriff's sale, execution sale, judicial sale, forced sale - a sale of property by the sheriff under authority of a court's writ of execution in order satisfy and unpaid obligation
--₁ is a kind of sale, sales agreement

Definitions from the Web

Judicial Sale

Definition:

Judicial sale refers to the legal process of selling property or assets under the direct supervision and authority of a court. It is typically done to satisfy a debt or to settle a legal dispute.

Example Sentences:

The court ordered a judicial sale of the property to recover the outstanding mortgage payments.
After the company declared bankruptcy, a judicial sale was conducted to liquidate its assets and pay off the creditors.
During the judicial sale, interested bidders can compete to acquire the property at a fair market value determined by the court.

Possible Related Products:

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