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Term of the Day
BusinessDictionary.com
fraudulent conveyance
Definition
Transfer
of
property
by a
debtor
, with the
intent
and purpose of moving it outside the reach of
creditors
' existing or impending
claims
. Such
conveyances
are generally annulled by the
courts
.
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Nearby Terms
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fraud
fraud ring
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fraudulent claim
fraudulent concealment
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free alongside ship (FAS)
free and clear
free astray
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