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Definition of 'Writ Of Seizure And Sale'
A court order that permits a creditor to instruct a sheriff to seize and sell assets/property of a debtor in order to pay off a debt.
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Investopedia explains 'Writ Of Seizure And Sale'
To get the debtor's property sold, or to put a lien on it, the creditor must obtain a writ of seizure and sale from a court. This is usually a final solution once all other options have been exhausted.
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