Debt - Law Dictionary Search Results
Blanket mortgage
of things or properties instead of one or more things mentioned individually as where a mortgage secures various debts as a group or subjects a group or class of different pieces of property to one general lien
Benefit of discussion
against the heir of tailzie, etc., must be first pursued to fulfil the defunct's deeds and pay his debts. This benefit is likewise competent in many cases to cautioners, Scots Law. A guarantor's right to require a
Agency, Deed of
Agency, Deed of, a revocable and voluntary trust for payment of debts, Consult Lewin on Trusts.
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Beneficium inventorii
the privilege which an heir had by an inventory of the testator's property to protect himself from the debts, Cum. C. L. 159.
Bankruptcy
(CA). Bankruptcy, is the statutory procedure usually triggered by insolvency by which a person is relieved of most debts and undergoes a judicially supervised reorganization or liquidator for the benefit of that person's creditors, Black Law Dictionary,
Bankrupt
and ruptus, Lat., broken, denoting thereby one whose shop or place of trade is broken or gone]. A debtor who does certain acts, tending to defeat or delay his creditors, may be adjudged bankrupt, and so made
Banking policy
efficient use of these deposits and resources. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (ca)]Means a debtor (as an individual or organization) whose property is subject to administration under the bankruptcy laws for the benefit
Banking company
it in clause (c) of s. 5 of the Banking Regulation Act, 1949 (10 of 1949). [Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), s. 2 (e)] shall have the meaning
Bank
bank; (iii) State Bank of India; (iv) a subsidiary bank; or (v) a Regional Rural Bank. [Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), S. 2 (e)]
Autre vie, Estate pur
devolve on the personal representative (Administration of Estates Act,1925, s. 11), and are assets for the payment of debts (s. 32, ibid.). a tenant pur autre vie appears to be a 'limited owner' for the purposes of
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