Tag: Debt
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Interpleader
Interpleader in United States Interpleader Definition At Common Law. A proceeding In the action of detinue, by which the defendant states the fact that the thing sued for is in his hands, and that it is claimed by a third person, and that whether such person or the plaintiff is entitled to it […]
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Interpleader
Interpleader in United States Interpleader Definition At Common Law. A proceeding In the action of detinue, by which the defendant states the fact that the thing sued for is in his hands, and that it is claimed by a third person, and that whether such person or the plaintiff is entitled to it […]
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Fines
Fines in the United States Description Fines are financial punishments attached to a conviction for a given offense, and are either specified as a fixed dollar amount or variable range. For example, in Washington State, a first-time drug conviction can result in a $1,000 fine, with each […]
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Dishonor
Dishonor in United States Dishonor Definition A term applied to the nonfulfillment of commercial engagements. To dishonor a bill of exchange or a promissory note is to refuse or neglect to pay it at maturity. The holder is bound to give notice to the parties to such instrument of its […]
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Dishonor
Dishonor in United States Dishonor Definition A term applied to the nonfulfillment of commercial engagements. To dishonor a bill of exchange or a promissory note is to refuse or neglect to pay it at maturity. The holder is bound to give notice to the parties to such instrument of its […]
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Office of Management and Budget
Office of Management and Budget in the United States Introduction to Office of Management and Budget Office of Management and Budget (OMB), an agency of the executive branch of the United States government, charged with helping the president promote and maintain effective government. The […]
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Insolvency
Insolvency in United States Insolvency Definition The state of a person who is unable, from any cause, to pay his debts. Two tests of insolvency prevail, their application generally being governed by the purpose for which the fact of insolvency is ascertained, though there is some […]
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Insolvency
Insolvency in United States Insolvency Definition The state of a person who is unable, from any cause, to pay his debts. Two tests of insolvency prevail, their application generally being governed by the purpose for which the fact of insolvency is ascertained, though there is some […]
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Default
Default in the United States Default Definition The nonperformance of a duty, whether arising under a contract or otherwise. 2 Barn. & Aid. 516. In Practice. The nonappearance of a plaintiff or defendant at court within the time prescribed by law to prosecute his claim or make his defense. […]
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Default
Default in the United States Default Definition The nonperformance of a duty, whether arising under a contract or otherwise. 2 Barn. & Aid. 516. In Practice. The nonappearance of a plaintiff or defendant at court within the time prescribed by law to prosecute his claim or make his defense. […]
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Foreclosure
Foreclosure in United States Foreclosure Definition To shut out; to bar. Used of the process of destroying an equity of redemption. 1 Washb. Real Prop. 589; Daniell, Ch. Pr. 1204; Coote, Mortg. 511; 9 Cow. (N. Y.) 382. A proceeding in chancery by which the mortgagor's right of redemption of […]
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Foreclosure
Foreclosure in United States Foreclosure Definition To shut out; to bar. Used of the process of destroying an equity of redemption. 1 Washb. Real Prop. 589; Daniell, Ch. Pr. 1204; Coote, Mortg. 511; 9 Cow. (N. Y.) 382. A proceeding in chancery by which the mortgagor's right of redemption of […]
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Accord and Satisfaction
Accord and Satisfaction in United States Practical Information Note: Some of this information was last updated in 1982Payment of money, or other consideration, usually less than the amount owed, to discharge an obligation or debt. The parties must have actually or impliedly agreed that the […]
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Endorsement
Endorsement in United States Practical Information Note: Some of this information was last updated in 1982Writing one’s name, either with or without additional words, on a negotiable instrument (in U.S. law) or on a paper (called an allonge (in U.S. law)) attached to it. By an endorsement, the […]
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Endorsement
Endorsement in United States Practical Information Note: Some of this information was last updated in 1982Writing one’s name, either with or without additional words, on a negotiable instrument (in U.S. law) or on a paper (called an allonge (in U.S. law)) attached to it. By an endorsement, the […]