Privileged Debts - Law Dictionary Search Results
Home Dictionary Name: privileged debtsPrivileged debts
privileged debts debts which an executor may pay in preference to … privileged debts debts which an executor may pay in preference to all others
privilege
or office also the affirmative defense that an action is privileged compare excuse absolute privilege a privilege that exempts a person … the nature of a debt to have priority over the debtor s other creditors 2 any of various fundamental or specially
Privilege
privilege of sitting covered in courts of justice barristers are privileged from arrest eundo morando et redeundo going to coming from
Debt
to priority as to attachment of debts see that title debts are assignable at law if the assignment is absolute and
debt
collected note an income tax deduction is allowed for bad debts consumer debt debt that is incurred by an individual primarily
bad debt expense
the amount of your company s accounts that are bad debts a bad debt expense account is an expense account of
privileged communication
to the liability that would follow from it if not privileged called also absolutely privileged communication b a defamatory statement made
nondischargeable debt
debts for money or property obtained by false pretenses and debts for fraud or defalcation while acting in a fiduciary capacity
Antecedent debt
well as in time that is to say that the debt must be truly independent of and not part of the
allowance for bad debts
account is not collectable you tap the allowance for bad debts account to pay for the bad debt because you already
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