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Specialty Debts

Legal definition for Indian law research

Definition

Specialty debts, bonds mortgages, debts, secured by writing under seal, and recoverable at anytime within twenty years, by virtue of s. 3 of the (English) Civil Procedure Act, 1883 (3 & 4 Wm. 4, c. 42); they formerly ranked in the administration of the estate of a deceased person in priority to simple contract debts; but this distinction was abolished by the Administration of Estates Act, 1869, 'Hinde Palmer's Act,' replaced by the (English) Administration of Estates Act, 192, ss. 32 and 34.

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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