simulated sale

A sale in which no price or other consideration is paid or intended to be paid, and in which there is no intent to actually transfer ownership.

• Simulated sales are usu. done in an attempt to put property beyond the reach of creditors.

— Also termed simulated transaction. [Cases: Fraudulent Conveyances 1.]

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词条贡献者

译者Terris，毕业于国内一流的高级翻译学院，擅长翻译各种与政府合同相关的法律文件。