Debtor - Law Dictionary Search Results
Debitorum pactionibus creditorum petitio nec tolli nec minui potest
minui potest [Lat.], The rights of creditors can neither be taken away nor diminished by agreements among the debtors.
Current assets
not more than twelve months in the ordinary course of business, such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, advance tax payments and bills receivable, but does not include
Counter
and Wood Street Counter, afterwards consolidated into one new-built prison, for the use of the city, to confine debtors, peace-breakers, etc., Cowel. An advocate or professional pleader; one who counts (i.e. orally recites) for a client, Black's
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Communia placita nontenenda in scaccario
to the Treasurer and barons of the Exchequer, forbidding them to hold pleas between common persons (i.e., not debtors to the king, who alone originally sued and were sued there) in that Court where neither of the
Cognovit actionem
it impliedly authorizes the plaintiff's solicitor to do everything necessary in order to obtain judgment. By the (English) Debtors Act, 1869 (32 & 33 Vict. c. 62), s. 24, a warrant of attorney to confess judgment in
Capias ad satisfaciendum
sum recovered shall not exceed 20l. exclusive of the costs recovered by such judgment,' and by the (English) Debtors Act, 1869, (32 & 33 Vict c. 62), in any action whatever, unless the defendant could, but would
Bound-bailiffs
Bound-bailiffs, officers who arrested debtors, etc., and who entered into bonds for their good behaviour. The vulgar phrase 'bum-bailiff' is, perhaps, a corruption
Bail
or criminal cases. In civil cases there were, before the abolition of arrest on mesne process by the Debtors Act, 1869:- (1) Common bail, or bail below, given to the sheriff, after arresting a person, on a
Act of Grace
of Grace. The Act so termed in Scotland was passed in 1696; it provides for the maintenance of debtors imprisoned by their creditors. It is usually applied in England to general pardons granted at the beginning of
substantive consolidation
substantive consolidation Putting the assets and liabilities of two or more related debtors into a single pool to pay creditors. (Courts are reluctant to allow substantive consolidation since the action must
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