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Adjudication

bankrupt. In Scots Law it signifies the 'diligence' by which land is attached in security and payment of debt, or by which a feudal title is made up in a person holding an obligation to convey without

Collateral

(1880) 16 Ch D 211) or a bill of exchange given, or pledge deposited to secure a pre-existing debt; and collateral contract, where a contract by word of mouth co-exists [see e.g., Morgan v. Griffiths, (1871) LR … same that was attained, etc., the issue upon which when taken is tried by a jury instanter; collateral security, where a deed is made of other property, besides that already mortgaged, for the better safety of the

Security

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Specialty debts

Specialty debts, bonds mortgages, debts, secured by writing under seal, and recoverable at anytime within twenty years, by virtue of … Specialty debts, bonds mortgages, debts, secured by writing under seal, and recoverable at anytime within twenty years, by virtue of s. 3 of the

Winding-up

who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be estimated … not of certain value to be estimated justly (s. 261). If the company is insolvent, the rights of secured and unsecured creditors, the admissibility of debts and claims, and the valuation of annuities and future or contingent

obligation

the s of contracts "Davis v. American Family Mut. Ins. Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to

Debenture stock

The debt or series of debts collectively represented by a series of debentures a debt secured by a trust deed … The debt or series of debts collectively represented by a series of debentures a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or

Actionable claim

Actionable claim, 'actionable claim' means a claim to any debt , other than a debt secured by mortgage of immovable property or by hypothecation or pledge of moveable … Actionable claim, 'actionable claim' means a claim to any debt , other than a debt secured by mortgage of immovable property or by hypothecation or pledge of moveable property, or to any beneficial interest

Simple contract

in writing but not under seal. See Addison, Chitty, Leake, or Pollock on Contracts. Before 1870 simple contract debts were, in the administration of the estate of a deceased person, postponed to debts secured by instrument under … 1870 simple contract debts were, in the administration of the estate of a deceased person, postponed to debts secured by instrument under seal, called 'specialty debts,' but all such priority was abolished by the Administration of Estates

Act of Bankruptcy

to pay his debts or having presented a bankruptcy petition against himself. (g) Having neglected to pay or secure a judgment debt after service of a 'bankruptcy notice,' or satisfied the Court that he has a good … Act of Bankruptcy, an act, the commission of which by a debtor renders him liable to be adjudged a bankrupt if the petition is presented within three months thereafter. Under

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