judicial sale

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Noun1.judicial sale - a sale of property by the sheriff under authority of a court's writ of execution in order satisfy an unpaid obligationjudicial 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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The following land transfers, either Warranty Deed (WD), Quit Claim Deed (QCD), Agreement for Deed, Contract, Trustees QCD, Cemetery Deed, Trustees Min Deed, Judicial Sale Deed or Spec WD, were filed in Gallatin County from Aug.
The judicial sale of luxury yacht Equanimity has been completed with the receipt of the full purchase amount of US$126 million (RM523 million) from Genting Malaysia Bhd (Genting) on April 23.
If refinancing was not obtained, there would be a judicial sale of the home, with the net proceeds paid to Montazami after all other fees, sales commissions, deeds of trust, liens, encumbrances, settlement charges and cost of sale were paid.
The three-day seminar is expected to consider some salient topics such as Introduction to Maritime Law, Applicability of International Treaties to Nigerian Laws, Rights of a Cargo Owner at the Insolvency of the Carrier: The Hanin Shipping Experience, The Draft Convention Recognition of Foreign Judicial Sale of Ships: The Nigerian Position, Piracy and Armed Robbery at Sea: Interpretation and Economic Implication and An overview of the Proposed Liability Regime for Inland Carriage of Goods (Rails, Rail and Waterways), that will help in defining the scope of status of legal matters involving Nigerian Shippers' Council.
After a judicial sale, the court approved CRE's purchase of the property for $440,000 and the entry of a deficiency judgment in the amount of $1,060,594.
The judicial sale will be scheduled in the coming weeks, Media24 reported.
These are represented in judicial guarding permits, which are concerned with reserving and managing funds; judicial sale agent, who assumes the sale of real estate through auctions according to defined and set standards; license for judicial server, who is responsible for movables and other materials from the property of the accused; and judicial securities' officer, who notifies people threatened with reservations with judicial orders.
Ship arrest is an excellent way to obtain security for a claim and potentially prepare for a judicial sale of the vessel, should that become necessary.
No warranty exists against defects in the case of a judicial sale or administrative sale by auction.
Contrary to the assertions, a purchaser of a distressed property, particularly one that has been sold through judicial sale, is hardly a "good faith purchaser for value." This legal term of art only applies to the innocent purchaser, who has no knowledge of any potential issues affecting title.
The arrest may ultimately result in a judicial sale of the ship to pay the claim.