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debt

neuter of debitus, past participle of debere to owe] 1 : something owed: as a : a specific sum of money or a performance due another esp. by agreement (as a loan agreement) [to pay the s…of … action for the recovery of a specified sum of money or a sum that can be simply and certainly determined called also action of debt writ of debt compare assumpsit, covenant

Contract

any part of the promise by the other. Whenever, therefore, there is a contract to pay a gross sum for a certain an definite consideration, the contract is entire. 'If a man engages to carry a box

Stamp duties

or value of the consideration (or if voluntary) of the land and property conveyed or transferred exceeds the sum of 500l. Consult Alpe on Stamp Duties. As to exemption from certain stamp duties, see Build-ing Societies Act,

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Promissory Note

signed, by the maker, engaging to pay on demand, or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person or to bearer.' The note can require

Bill of debt, or Bill obligatory

or Bill obligatory, when a merchant by his writing acknowledges himself in debt to another, in a certain sum, to be paid on a certain day, and subscribes it at a day and place certain. It may

Post obit

A bond in which the obligor in consideration of having received a certain sum of money binds himself to pay a larger sum on unusual interest on the death of some specified

Life insurance

contingent upon the duration of human life, in consideration of the immediate payment of a smaller sum or certain equivalent periodical payments by another party, Chandulal Harjivandas v. CIT, AIR 1967 SC 816 (818): (1967) 1 SCR … life insurance in a broader sense comprises any contract in which one party agrees to pay a given sum upon happening of a particular event contingent upon the duration of human life, in consideration of the immediate

Poundage

A sum deducted from a pound or a certain sum paid for each pound a commission

Not negotiable

the Bank of England and crossed '& Co.,' not negotiable, directing the bank's cashiers to pay a certain sum to the order of a certain person is a cheque within the meaning of the Bills of Exchange

Unbounded sugarcane

as 'a deed by which the obligor binds himself, his heirs, executors, or assigns to pay a certain sum to the oblige.' In stroud's judicial Dictionary (4th Edn.) the expression 'bond' is explained as: an obligation by

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