Debts On A Security
Legal definition for Indian law research
Definition
Debts on a security, is a debt (which may be un-secured) which has, if not marketable character, at least such characteristics and enable it to be held as an investment and dealt in or realised at a profit, WT Ramsay Ltd. v. IRC, (1902) AC 3000.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.