Debtor - Law Dictionary Search Results
Adjudication contra h'reditatem jacentem
Adjudication contra h'reditatem jacentem. When a debtor's heir apparent renounces the succession, any creditor may obtain a decree cognitionis causa, the purpose of which is
Advance
made by one person (hereinafter referred to as the creditor) to another person (hereinafter referred to as the debtor). [Bonded Labour System (Abolition) Act, 1976, (19 of 1976), s. 2(a)]
Guarantee
collateral engagement to answer for the debt, default, or miscarriage of another person, a promise to another as debtor to secure the payment of a debt payable to him, Stroud's Judicial Dictionary, Vol. 2, p. 1111. Includes
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Arrangements between debtors and creditors
Arrangements between debtors and creditors. The 125th and 126th sections of the (English) Bankruptcy Act, 1869, which repealed an Act of
Charging order
82), s. 1, and (English) R. S.C. 1883, Ord. XLVI., charging the stocks or funds of a judgment debtor with the judgment debt. Solicitor's Costs.--The (English) Solicitors' Act, 1932 (22 & 23 Geo. 5, c. 37), s.
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
Bair-man
Bair-man, a poor insolvent debtor, left bare and naked, who was obliged to swear in court that he was not worth more than
Banker
the banker of principal or interest after demand. The relation of banker and customer is merely that of debtor and creditor, with a superadded obligation on the banker to honour the customer's cheques, so that the Limitations
Beneficium ordinis, or excussionis, or discussionis
Beneficium ordinis, or excussionis, or discussionis, a privilege by which a creditor was bound to sue the principal debtor first, and could only sue the sureties for that which he could not recover from the principal, Sand.
Benefit of discussion
cases to cautioners, Scots Law. A guarantor's right to require a creditor to seek payment from the principal debtor before seeking payment from the guarantor; Black's Law Dictionary, 7th Edn.
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