execution sale

Definition of "execution sale"
  1. This is a type of sale conducted with the purpose of enforcing a judicial judgment, performed under the supervision of an officer of the court, such as a clerk, without necessarily being ordered by the court
How to use "execution sale" in a sentence
  1. Because the debtor failed to repay his loans, his estate was subject to an execution sale.
  2. Assets from the company were auctioned off in an execution sale, due to the business's inability to pay its creditors.
  3. The court clerk carried out the execution sale to recover the debt as per the judgment.

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