MLchartDataset catalogue

Judicial sale

Term · Law · MLC-T-LAW-002850

A sale of property conducted under the authority and supervision of a court. This type of sale is compelled by a legal judgment or court order to satisfy a debt, such as in a mortgage foreclosure, a tax lien enforcement, or the execution of a judgment. The proceeds from the sale are distributed to creditors according to legal priorities, with any surplus returned to the debtor.

Table 1. Record
IdentifierMLC-T-LAW-002850
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002850",
  "term": "Judicial sale",
  "field": "Law",
  "definition": "A sale of property conducted under the authority and supervision of a court. This type of sale is compelled by a legal judgment or court order to satisfy a debt, such as in a mortgage foreclosure, a tax lien enforcement, or the execution of a judgment. The proceeds from the sale are distributed to creditors according to legal priorities, with any surplus returned to the debtor.",
  "url": "https://mlchart.com/terminology/law/judicial-sale/"
}

Record 2,789 of 5,441 in Law terminology (MLC-0107). Request the full dataset.