Simulated sale
Defined in 1 dictionary — Black's (1910)
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One which has all the appearance of an actual sale in good faith, intended to transfer the ownership of property for a consideration, but which in reality covers a collusive design of the parties to put the property beyond the reach of creditors, or proceeds from some other fraudulent purpose.
Defined under Simulate in Black's Law Dictionary.