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

资深译员Laura，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与美国公司法规有关的法律文件。