The act of selling property under compulsion as to time and place. Often, a sale made by virtue of a court order, ordinarily at public auction, for estate tax purposes.
A sale which is not the voluntary act of the owner, such as to satisfy a debt, whether or a mortgage, judgment, etc. The selling price under such a sale would not be considered market value.
a sale of property by the sheriff under authority of a court's writ of execution in order satisfy and unpaid obligation
The sale of a property used as security for a loan to repay the creditor, or others, in the event of default on the loan.
A sale made under a court order and in the manner prescribed by law.
The selling of an asset under less than favorable conditions in order to liquidate the asset, such as the selling of mortgaged property through foreclosure by the lender.
1. Offering and transferring property for a valuable consideration under conditions of compulsion; 2. A sale at public auction made under a court order.
Sale of property where the seller is under duress and is unable to allow current market prices and conditions determine the selling price.