Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A debtor sale of hypothecated property.

  • Black's Law Dictionary: 2nd Edition

    Lat. In the civll law. A separation or division into parts; also an alienation or sale. Sometimes applied to the act of a guardian in appropriating the property of his ward.
    —Distractio honorum. The sale at retail of the property of an insolvent estate, under the management of a curator appointed in the interest of the creditors, and for the purpose of realizing as much as possible for the satisfaction of their claim. Mackeld. Rom. Law, § 524.
    —Distractio pignoris. The sale of a thing pledged or hypothecated, by the creditor or pledgee, to obtain satisfaction of his claim on the debtor's failure to pay or redeem. Idem. § 348.