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TeachMeFinance.com - explain Fraudulent conveyance historic definition... Fraudulent conveyance -- A conveyance without adequate consideration, made for the purpose of delaying, hindering or defrauding creditors. historic accounting definition (British)... Fraudulent conveyance -- A conveyance of property for other than a valuable consideration made within a certain time before the bankruptcy of the person who executes the same. Thus, if a person makes a voluntary conveyance within two years before his bankruptcy, this conveyance is held to be fraudulent and therefore void under all circumstances. And even if the voluntary consequence has been executed within ten years before his bankruptcy it is likewise void unless the bankrupt can prove that he was quite solvent without taking into account the property comprised in the conveyance. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.