Debt - Law Dictionary Search Results

Recognisance

Recognisance, an acknowledgement of a debt owing to the Crown, with a condition to be void if the recognizor shall do some particular act,

(Debts Adjustment) Act, 1951, will cover any liability which is of a monetary nature and includes a mortgage debt, Rajkumari Kaushalya Devi v. Bawa Pritam Singh, AIR 1960 SC 1030 (1031): (1960) 3 SCR 570. [Displaced Persons

Pledge

a surety, bail, or hostage. See PAWN; PIGNUS. Means the transfer of movable property as a security for debt or obligation. The pledgee has the right to sell the goods for the realisation of his debt. But

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Plene administravit

without any other defence, the plaintiff may apply under Ord. XXXII., Rule 6, to have judgment for his debt and costs of future assets quando acciderint; or he may take issue on the defence, and if successful

Poinding

is defined to be 'the diligence (process) which the law has devised for transferring the property of the debtor to the creditor in payment of his debt.' It is either real or personal; not that any inheritance

Priority

the administration of the estate of any person who shall die on or after 1st January, 1870, no debt or liability of such person shall be entitled to any priority or preference by reason merely that the

Scire facias for the Crown

Scire facias for the Crown. The summary proceed-ing by extent is only resorted to when a Crown debtor is insolvent, or there is good ground for supposing that the debt may be lost by delay. in

Redemption

a loan (see FUNDS). The term is used especially with reference to the paying off of a mortgage debt. An action of redemption is a suit brought to compel the mortgagee to recover the property to the

Reliqua

Reliqua, means the remainder of a debt after balancing or liquidating an account; money left unpaid, Black's Law Dictionary, 7th Edn., p. 1294. Reliqua, the

Retention

Retention, in Scots law, the right of withholding a debt or retaining property until a debt due to the person claiming the right of retention shall be paid;

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