Definitions for "Fraudulent Conveyance"
A transfer of property with the intention to defraud a creditor or avoid payment of a debt.
The gift, sale, or transfer of property made with the intent of defrauding creditors by attempting to place assets beyond the reach of creditors.
The transfer of property, the purpose of which is to defraud a creditor by hindering him by putting such property beyond his reach. Courts will set aside such conveyances. (See "Action to Set Aside Complaint," Federal Rules of Civil Procedure, Form 13, 28 U.S.C. 2410.)