forced sale


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Noun1.forced sale - a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligationforced sale - a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligation
sales agreement, sale - an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer); "the salesman faxed the sales agreement to his home office"
References in classic literature ?
It was also made interesting by the testimony of Job Potterson, the ship's steward, and one Mr Jacob Kibble, a fellow-passenger, that the deceased Mr John Harmon did bring over, in a hand-valise with which he did disembark, the sum realized by the forced sale of his little landed property, and that the sum exceeded, in ready money, seven hundred pounds.
Over the long run, I believe that, compared to an immediate forced sale, World Security will be a more valuable entity and will benefit from the financial strength and stability of PIne Brook Capital, which will become its owner under the Columbia Western Plan of Reorganization.
The lender is obliged to notify the borrower in writing of their intention to proceed with a forced sale, but can also publish the notification in two main newspapers if it is impossible to serve the notice.
Summary: Airport operator BAA has announced it is to give up its long legal battle over the forced sale of Stansted Airport.
Forced sale of products may constitute an anti-competitive practice prohibited by the Competition Act, 2010.
Islamabad -- Competition Commission of Pakistan (CCP) has started probe on the complaints of forced sale of lube oils to its cartage contractors and deducting the price of the product from the payments due for cartage services.
The law forbidding waivers and exclusions is tantamount to a forced sale of services.