executed and executory sales — An executed sale is one which is final and complete in all its particulars and details, nothing remaining to be done by either party to effect an absolute transfer of the subject matter of the sale. An executory sale is one which has been… … Black's law dictionary
sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… … Black's law dictionary
executory sale — executed and executory sales An executed sale is one which is final and complete in all its particulars and details, nothing remaining to be done by either party to effect an absolute transfer of the subject matter of the sale. An executory sale… … Black's law dictionary
executed contract of sale — A present conveyance, that is a contract sufficient in itself to convey title to real estate. 55 Am J1st V & P § 100. A land contract which has been performed by both vendor and purchaser, the purchase price having been paid and the deed executed … Ballentine's law dictionary
sale of land — An actual transfer of title to the land from grantor to grantee by an appropriate instrument of conveyance executed for a consideration in money or the equivalent of money. Keogh v Peck, 316 Ill 318, 147 NE 266, 38 ALR 1151. An effective transfer … Ballentine's law dictionary
Short sale (real estate) — A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. [http://www.nolo.com/definition.cfm/Term/51715E63 5BC5 4DCE B5E96F71DFF3D5AB/alpha/S/ Short sale (of house) definition at Nolo.com.]… … Wikipedia
contract of sale — See contract to sell; executed contract of sale; executory contract of sale; land contract … Ballentine's law dictionary
testamentary power of sale — A power of sale of real or personal property of a decedent conferred upon the executor of the estate of the decedent by his will. 31 Am J2d Ex & Ad § 437. Where a power of sale is given to an executor by virtue of his office, and not to him as an … Ballentine's law dictionary
SunCruz Casinos sale (2000) — Jack AbramoffSunCruz Casinos is one of many cruise lines that offer cruises to nowhere, legally transporting passengers into international waters beyond the reach of federal and state gambling laws. In the 2000s, it became known for the… … Wikipedia
due-on-sale provision — USA A provision in a promissory note, loan or mortgage that allows the lender to demand payment of the full balance owed when the borrower sells or transfers real property used as security. This kind of clause is standard in mortgages executed in … Law dictionary
