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Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。