dummy buyer

Dummy buyers: There are also reports of developers setting up paper companies to sign purchase agreements and obtain loans.

For instance, a shopping mall developer may hire a dummy buyer to purchase the needed vacant lots.

The ones Hugo Ingermann had been acquiring title to, with Thaxter as dummy buyer.

It has been hypothesized that dummy buyers could help private sector developers obtain the land needed for highway construction without the need for eminent domain invocation.