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Accord

right of action; accord without satisfaction, or satisfaction without accord, does not.* In the case of an ascertained debt, the acceptance of a smaller sum is no satisfaction, e.g., payment of Rs. 50. is no answer to

Instalment

Instalment, a portion of a debt. When a debt is divided into two or more parts, payable at different times, each part is called

Funds, public

Funds, public, the name given to the public funded debt due by Government. The practice of borrow-ing money to defray a part of the war expenditure began, with

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Foreign Attachment

Foreign Attachment, a custom which prevails in the city of London, whereby a debt owing to a defendant, sued in the Court of the Mayor or Sheriff, may be attached in the

Default summons

Default summons, a procedure in the county courts for the summary recovery of a debt or liquidated demand. These summonses are of two kinds: (i.) Ordinary Default Summonses; and (ii.) Special Default Summonses.

Capias ad satisfaciendum

c. 96, s. 57, this kind of execution was abolished 'in any action for the recovery of any debt wherein the sum recovered shall not exceed 20l. exclusive of the costs recovered by such judgment,' and by

Appropriation of payments

Appropriation of payments, the application to one of several debts of a sum of money paid by a debtor on a general account. The general rule as to

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

Tail

(English) L.P. Act, 1925, s. 135 as to equitable waste. (3) It is liable to every kind of debt to the extent of the debtor's interest in the estate and a trustee in bankruptcy may bar the

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

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