trust for sale

trust for sale
trust for sale ˌtrust for ˈsale noun trusts for sale PLURALFORM [countable]
LAW a trust that contains instructions to sell land or other property immediately and to give the money made from the sale to a named person or named people

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trust for sale UK US noun LAW, FINANCE
a legal arrangement in which a person or organization is asked to sell land or property and to give the money made from the sale to a particular person or group of people: »

The land is currently held on trust for sale.

Financial and business terms. 2012.

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