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Forced sale   /fɔrst seɪl/   Listen
Forced sale

noun
1.
A sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation.  Synonyms: execution sale, judicial sale, sheriff's sale.






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"Forced sale" Quotes from Famous Books



... came, I first paid or secured every debt I owed of a personal nature. This done, I felt bound in honor to give up all of my property that remained toward liquidating my 'clock debts.' I placed it in the hands of trustees and receivers for the benefit of all the 'clock' creditors. But at the forced sale of my Connecticut real estate, there was a purchaser behind the screen, of whom the world had little knowledge. In the day of my prosperity I made over to my wife much valuable property, including the lease of this Museum building—a lease then having about twenty-two ...
— A Unique Story of a Marvellous Career. Life of Hon. Phineas T. • Joel Benton



Words linked to "Forced sale" :   sales agreement, sheriff's sale, sale, execution sale



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