Orderly Sale

An Orderly Sale is the open market sale of assets without the pressure to sell them in the shortest possible time or at whatever price offered. Opposite of Forced Sale. Also called Orderly Liquidation.

Originating Application

Originating Application is a method of commencing proceedings under the authority of a specific act of parliament, e.g. Landlord and Tenant Act, whereby the applicant asks the Court to grant an order in their favour.