Word: Judicial Sale
Definition:
A "judicial sale" is a sale of property that happens because a court has ordered it. This usually occurs when someone owes money and cannot pay it back. To recover the owed money, the court allows the property to be sold, often by a sheriff or other official.
Usage Instructions:
- The term "judicial sale" is used mainly in legal or financial contexts. - It is a noun, so you can use it after "a," "the," or in plural form as "judicial sales."
Example Sentence:
"The bank decided to conduct a judicial sale of the house because the owner had not made their mortgage payments for several months."
Advanced Usage:
In some cases, judicial sales may involve bidding, where interested buyers can offer money to purchase the property. After the sale, the proceeds are often used to pay off the debt owed by the previous owner.
Word Variants:
- Judicial (adjective): Related to courts or judges.
- Sale (noun): The act of selling something.
Different Meanings:
- "Judicial" refers to anything related to judges or courts. - "Sale" generally means the exchange of goods or property for money.
Synonyms:
- Court-ordered sale - Court sale - Forced sale
Idioms and Phrasal Verbs:
- There aren't specific idioms or phrasal verbs directly related to "judicial sale," but you may hear phrases like "to settle a debt" or "to liquidate assets," which can pertain to the context of judicial sales.
Conclusion:
Understanding "judicial sale" is important if you're learning about legal processes or financial obligations.