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Bair-man
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Bair-manScottish law. A poor insolvent debtor left bare.
RELATED TERMS--------------------------------------
Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.
Insolvent
1) It signifies a person whose estate is not sufficient to pay his debts. 2) A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility which his creditors may enforce, by recourse to legal measures, without reference to his estate proving sufficient to pay all his debts, when ultimately wound up. 3) It signifies the situation of a person who has done some notorious act to divest himself of all his property, as a general assignment, or an application for relief, under bankrupt or insolvent laws.
Debtor
Debtor or obligor. The person who has engaged to perform some obligation. The word obligor, in its more technical signification, is applied to designate one who makes a bond.
SIMILAR TERMS--------------------------------------
Bairn's part
Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict.
PREVIOUS AND NEXT TERMS--------------------------------------
Bailee
The person who receives property through a contract of bailment, from the bailor, and who may be committed to certain duties of care towards the property while it remains in his or her possession.
Bailiff
Office. Magistrates who for merly administered justice in the parliaments or courts of France, answering to the English sheriffs as mentioned by Bracton.
Bailiwick
The district over which a sheriff has jurisdiction; it signifies also the same as county, the sheriff's bailiwick extending over the county.
Bailment
The transfer of possession of something (by the bailor) to another person (called the bailee) for some temporary purpose (eg. storage) after which the property is either returned to the bailor or otherwise disposed of in accordance with the contract of bailment.
Bailor
Contracts. He who bails a thing to another.
Bair-man
Bairn's part
Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict.
Bait and switch
In consumer fraud, advertising a low cost item and then steering the customer to a higher priced item when they come to buy, claiming the low priced item was "sold out."
Balance
Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts.
Balance of trade
Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country.
Balance sheet
A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole
RELATED TERMS--------------------------------------
Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.
Insolvent
1) It signifies a person whose estate is not sufficient to pay his debts. 2) A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility which his creditors may enforce, by recourse to legal measures, without reference to his estate proving sufficient to pay all his debts, when ultimately wound up. 3) It signifies the situation of a person who has done some notorious act to divest himself of all his property, as a general assignment, or an application for relief, under bankrupt or insolvent laws.
Debtor
Debtor or obligor. The person who has engaged to perform some obligation. The word obligor, in its more technical signification, is applied to designate one who makes a bond.
SIMILAR TERMS--------------------------------------
Bairn's part
Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict.
PREVIOUS AND NEXT TERMS--------------------------------------
Bailee
The person who receives property through a contract of bailment, from the bailor, and who may be committed to certain duties of care towards the property while it remains in his or her possession.
Bailiff
Office. Magistrates who for merly administered justice in the parliaments or courts of France, answering to the English sheriffs as mentioned by Bracton.
Bailiwick
The district over which a sheriff has jurisdiction; it signifies also the same as county, the sheriff's bailiwick extending over the county.
Bailment
The transfer of possession of something (by the bailor) to another person (called the bailee) for some temporary purpose (eg. storage) after which the property is either returned to the bailor or otherwise disposed of in accordance with the contract of bailment.
Bailor
Contracts. He who bails a thing to another.
Bair-man
Bairn's part
Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict.
Bait and switch
In consumer fraud, advertising a low cost item and then steering the customer to a higher priced item when they come to buy, claiming the low priced item was "sold out."
Balance
Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts.
Balance of trade
Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country.
Balance sheet
A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole
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This dictionary contains 8526 terms.
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