disposition

Definition

The exchange, sale, or loss of property, whether voluntary or involuntary.

Use disposition in a sentence

I did not like his disposition and I told him that he should leave and come back when he was in a better mood.

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In order for the bank to consider the loan request the company must reduce some of its debt. The disposition of several unused machines would have a positive effect.

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After declaring bankruptcy, the engineering firm experienced a trying period of disposition as their creditors arrived and began removing the systems and furniture that they could no longer afford.

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fee simple estate involuntary conversion