Debt - Law Dictionary Search Results
pawn
possession of movable or personal property to a creditor which gives the creditor the privilege of satisfying the debt from the property (as by selling it) if the debt is not repaid within a specified time ;also
Consolidated Fund of the United Kingdom
c. 98. This fund is pledged for the payment of the whole of the interest of the national debt of Great Britain and (now Northern) Ireland (see s. 6 of the National Debt Act, 1870); and besides
Elegit
which a defendants goods are appraised and delivered to the plaintiff and if not sufficient to satisfy the debt all of his lands are delivered to be held till the debt is paid by the rents and
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Frauds, Statute of
of his own estate; or whereby to charge the defendant upon any special promise to answer for the debt, default or miscarriages of another person, or to charge any person upon any agreement made upon considera-tion of
Due
another; that which law or justice requires to be paid or done. It should be observed that a debt is said to be due the instant that it has existence as a debt; it may be payable
Debentures and shares
shareholder towards the share capital of the company. On the other hand, a debenture is an instrument of debt executed by the company acknowledging its receipt to repay the same at a specified rate and also carrying
Debet detinet
was made, sued for personal redress. But if it was brought by or against an executor for a debt due to or from the testator, this, not being his own debt, was sued for in the detinel
Debtor-Executor
Debtor-Executor. At law, if a testator appoints his debtor executor, the debt is released. In equity, however, the executor
Discussion
Discussion. By the Roman Law sureties were not primarily liable to pay the debt for which they became bound as sureties: but were liable only after the creditor had sought payment from
Debtors Act, 1869
Debtors Act, 1869 (32 & 33 Vict. c. 62).-This Act abolishes imprisonment for debt except incase of default of
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