judicial sale
- noun
- /dʒuˈdɪʃəl seɪl/
- Formal
:
venta judicial
- After the judgement was passed, the bank arranged a judicial sale to sell the foreclosed house.
Examples
-
First, since time immemorial, individuals have had to confront the challenge of failing to comply with financial obligations due to excessive indebtedness, and the law has responded to that problem in various ways, including providing for judicial sales of debtors' assets.
Academic text (2018) -
Finally, in terms of court-ordered slave sales, Deyle states that "slaves were normally sold on long credit" and that, "while numerous examples of judicial sales for cash exist, they were the exception and in some places apparently quite unusual." (478) #
Academic text (2018) -
The court authorized a judicial sale of the property to recover the owed amount.
-
In a judicial sale, the assets are typically sold at auction to cover unpaid debts.
Synonyms
1
8.4
A public event where a local officer called a sheriff sells property to pay a debt
A public sale of a person's property ordered by a court to pay a debt
A sale of a person's property ordered by a court or bank to pay a debt
How Compelled
- Formal
- Specialized
209
7.2
- Formal
53
3.6
- Specialized
Surface Forms
Morphology
The meaning is directly composed from 'judicial' (relating to courts) + 'sale' (a sale), so a learner who knows both constituents can infer this is a sale carried out by/under a court to enforce obligations. The construction is literal and cross-linguistically regular (e.g., French 'vente judiciaire'), so although it is a legal term, its meaning is transparent to learners familiar with the components.
Etymology
Judicial sale comes from the simple image of a court selling someone's property: judicial means 'from a judge or court' and sale means selling the item. A judge orders the sale so the money goes to the person who is owed money, so the phrase means 'a sale by the court to pay a debt'.