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Delay in payment or performance on the part of both the debtor and the creditor. confusio: melting together Merger of counterparty rights in the same person (e.g. debtor-creditor, buyer-seller, landlord-tenant, etc.), thereby extinguishing an obligation or right. Adverb: confusione. conjunctissimus: the most joined Next-of-kin. Plural ...
The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him ...
Legal English, also known as legalese, [1] is a register of English used in legal writing. It differs from day-to-day spoken English in a variety of ways including the use of specialized vocabulary, syntactic constructions, and set phrases such as legal doublets .
The first edition was published in 1891 by West Publishing, with the full title A Dictionary of Law: containing definitions of the terms and phrases of American and English jurisprudence, ancient and modern, including the principal terms of international constitutional and commercial law, with a collection of legal maxims and numerous select titles from the civil law and other foreign systems.
full faith and credit [1] furnish and supply [1] goods and chattels; have and hold [1] heirs and successors; high crimes and misdemeanors; hue and cry; indemnify and hold harmless [1] infangthief and outfangthief; joint and several liability; keep and perform [1] kind and nature [1] law and order; legal and valid [1] let or hindrance; lewd and ...
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Subrogation is the assumption by a third party (such as a second creditor or an insurance company) of another party's legal right to collect debts or damages. [1] It is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of another for their own benefit. [2]
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...