Writ Of Seizure And Sale

Filed Under » , , ,
Dictionary Says

Definition of 'Writ Of Seizure And Sale'

An order issued by a court that allows the petitioner (usually a creditor) ownership of certain property and the ability to sell it once it has taken possession. Writs of seizure and sale are used to take possession of property when a borrower is in default and allows the petitioner to use the assistance of law enforcement in seizing the property.

Investopedia Says

Investopedia explains 'Writ Of Seizure And Sale'

A writ of seizure and sale can't be obtained after a few missed payments. Instead, it's an aggressive move made when a borrower has ignored all other attempts at collection and defaulted on a debt.

Seized property may be sold at a low price in order to quickly recoup some losses.

Articles Of Interest

  1.

    Outfox The Debt Collector's Hounds

    Dealing with a collection agency is scary if you don't know your rights. We help you take back the power.

  2. Digging Out Of Personal Debt

    Find out why good intentions can put consumers in an even bigger hole than before.

  3. Dawn Of The Zombie Debt

    Are old debts coming back to haunt you? We'll show you how to keep these zombies from eating you alive.

  4. Basic Investment Objectives

    You might know about different asset types, but do you know how each type contributes to a particular goal?

  5. Exploring The Current Account In The Balance Of Payments

    Learn how a country's current account balance reflects the country's economic health.

  6. Understanding And Playing The Dow Jones Industrial Average

    Learn strategies for investing in this price-weighted index and how to interpret its movements.

  7. Writing A Covered Call

    Writing an option is the process of selling to another investor the right, but not the obligation, to buy or sell a stock at a given price in the near future. It can also be referred to as shorting ...

  8. Arbitrage Squeezes Profit From Market Inefficiency

    This influential strategy capitalizes on the relationship between price and liquidity.

  9. Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.

  10. Quants: The Rocket Scientists Of Wall Street

    Blend math, finance and computer skills to command a high - and well deserved - salary.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=b5480e19d6ea32485e66bff031e6ae0d