Debtor - Law Dictionary Search Results
Foreign Attachment
defendant, sued in the Court of the Mayor or Sheriff, may be attached in the hands of the debtor. The custom was certified by the Recorder of London, in the reign o Edward IV., to be, that
Hypothecation
Law Dictionary, 7th Edn., p. 747 Both ownership of the movable property and possession thereof, remain with the debtor. The creditor has an equitable charge over the property and is given a right to take possession and
Mortgage by conditional sale and sale with a condition of repurchase
condition sale and a sale with a condition of repurchase. The former is a mortgage, the relationship of debtor and creditor subsists and the right to redeem remains with the debtor. The latter is an out and
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Once action rule
Once action rule, means in debtor-creditor law the principle that when a debt is secured by real property the creditor must foreclose on the
Reliqua
unpaid, Black's Law Dictionary, 7th Edn., p. 1294. Reliqua, the remainder or debt which a person finds himself debtor in upon the balancing or liquidation of an account. Hence reliquary, the debtor of a reliqua; as also
Resale
Resale, a second sale. Resale, means a sale of purchased goods (i) in the same form in which they were purchased; or (ii) without using them in the manufacture of any goods or without doing anything...
Security
134) Means 'a mortgage, charge, pledge, bond, deben-ture, indemnity, guarantee, bill, not or other right provided by the debtor....or at his request......to secure the carrying out of the obligations of the debtor....under the agreement, Wilson v. First
Statute-merchant
Edw. 1 (Stat. Merc.) repealed by Stat. Law Rev. Act, 1863) under the hand and seal of the debtor, authenticated by the sovereign's seal, with the effect that, on failure of payment on the day assigned, execution
Talley, or Tally
stick cut into two parts, on each whereof is marked, with notches or otherwise, which is due between debtor and creditor. It was the ancient mode of keeping accounts; one part was held by the creditor, and
Trustee in bankruptcy
Trustee in bankruptcy. A person appointed in a bankruptcy to collect and realize the property of the debtor and to distribute the proceeds among the creditors. The property of the debtor vests in the trustee on
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