Simulation - Definition - Law Dictionary Home Dictionary Definition simulation

simulation

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in the civil law of Louisiana
1 : the act of simulating
2 : a contract that by mutual agreement does not express the true intent of the parties see also counterletter compare disguised donation at donation NOTE: Although a simulation does not have effect as between the parties, its lack of effect may not be asserted against third parties, such as creditors or bona fide purchasers, to avoid liability.