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Set-off

Law Dictionary, 7th Edn., p. 1376. The subject of a set-off under the former practice was a cross debt or claim, on which a separate action might be sustained, due to the party defendant from the party

Sums due

to refer to the concept of a 'debt', for a sum due is the same thing as a debt due, Union of India v. Raman Iron Foundry, AIR 1974 SC 1265 (1271): (1974) 2 SCC 231.

Tippling Act

1750 (24 Geo. 2, c. 40), s. 12, by which no person may maintain any action for any debt 'for any spirituous liquors, unless such debts shall have really been contracted at one time to the amount

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Nichil

Nichil, means 'nothing'. A debt owed to the exchequer's officer but nihiled by sheriffs as non-leviable. Once a year, an officer of the

Payment of Money into Court

now regulated by (English) R.S.C. 1883, Ord. XXII, by which, where any action is brought to recover a debt or damages, any defendant may, before or at the time of delivering his defence, or by leave of

Creditor

Creditor [Lat.], one who trusts or gives credit, correlative to debtor. A creditor is entitled to take out letters of administration if there be no next of kin, or

Mortgage by deposit of title deeds

executed and registered in respect of the same property. The three requisites for such a mortgage are (i) debt, (ii) deposit of title deeds; and (iii) an intention that the deeds shall be security for the debt,

Arrest

The law of civil arrest (see MESNE PROCESS), so far as it still exists, is regulated by the Debtors Act, 1869 (see that title),which abolished imprisonment for debt except in special cases, as where a debtor has

undersecured claim

undersecured claim A debt secured by property that is worth less than the full amount of the debt. Source: Administrative Office of

unsecured claim

unsecured claim A claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt

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