voluntary transfer

Definition of "voluntary transfer"
  1. A debtor's property given away willingly and with their agreement
How to use "voluntary transfer" in a sentence
  1. After analyzing his debts, John decided to make a voluntary transfer of his car to repay what he owed.
  2. The bank suggested a voluntary transfer of assets to settle the mounting liabilities.
  3. Due to the impending bankruptcy, she contemplated a voluntary transfer of her property.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z