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forced sale |
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An involuntary transaction that occurs in the form and at the time specified by law for the purpose of applying the proceeds to satisfy debts, such as a mortgage or a tax lien, incurred by the owner of the property. A forced sale results from the execution of a judgment previously rendered by a court. forced sale n. a sale of goods seized by the sheriff to satisfy (pay) a judgment. (See: execution) See also: condemnation How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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