Bail - Law Dictionary Search Results
Justifying security
certain cases are required by the Court of Probate to give justifying security-i.e., the sureties to the administration bond must, in an affidavit, swear that they are, after the payment of their debts, worth a sum specified.
Accessorium non ducit, sed sequitur suum principale
Thus the obligation of the surety is accessory to that of the principal, and is extinguished by the release or discharge of the latter; but the converse does not hold. So, likewise, interest of money is accessory
Guaranty, or Guarantee
will not be held bound beyond the strict terms of his undertaking; an apparently small variation will often release him, e.g., he will be discharged if his rights against the debtor are affected, disturbed or destroyed by
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Crown debts
Crown-debtor by simple contract, the debt immediately becomes a specialty; but a person givien to the Crown a bond on condition is not a bond-debtor before the condition is broken. S. 28(1) of the Bankruptcy Act, 1914,
Acquintance
which ought to be paid or done; as where a man is bound to pay money on a bond, rent reserved upon a lease, etc., and the party to whom it is due, on receipt thereof, gives
security
[a involves some form of investment contract] see also due diligence asset-backed security : a security (as a bond) that represents ownership in or is secured by a pool of assets (as loans or receivables) that have
Indemnity
Indemnity, a contract, express or implied, to keep a person harmless from loss which that person may incur by reason of some act, omission or event. It differs from a guarantee which requires a writing under...
Recognisance
conditions thereof,' and see s. 66 of the Summary Jurisdiction (Appeals) Act, 1933, as to forfeited recognisances. A bond or obligation, made in court, by which a person promises to perform some act or observe some condition,
Magna Carta
the lord, if she hold of another.' See DOWER. The 8th chapter relates to Crown debts:-'We or our bailiffs shall not seize any land or rent for any debt, as long as the present goods and chattels
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