from
Bouvier's Law Dictionary, Revised 6th Ed (1856)
FRAUDULENT CONVEYANCE. A conveyance of property without any consideration of
value, for the purpose of delaying or hindering creditors. These are
declared void by the statutes 13 Eliz. c. 6, and 27 Eliz. c. 4, the
principles of which have been adopted in perhaps all the states of the
American Union. See Voluntary Conveyance.
2. But although such conveyance is void as regards purchasers and
creditors, it is valid as between the parties. 6 Watts, 429, 453; 5 Binn.
109; 1 Yeates, 291; 3 W. & S. 255; 4 Iredell, 102; 9 Pick. 93; 20 Pick. 247;
3 Mass. 573, 580; 4 Mass. 354; 1 Hamm. 469; 2 South. 738; 2 Hill, S. C. Rep.
488; 7 John. 161; 1 Bl. 262.