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Credit
CreditCommon law, contracts. The ability to borrow, on the opinion conceived by the lender that he will be repaid. This definition includes the effect and the immediate cause of credit. The debt due in consequence of such a contract is also called a credit; as, administrator of an the goods, chattels, effects and credits. RELATED TERMS-------------------------------------- Common marriage law. a marriage in which no formal ceremony took place and no license exists. 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. Opinion 1) Practice. A declaration by a counsel to his client of what the law is, according to his judgment, on a statement of facts submitted to him. The paper upon which an opinion is written is, by a figure of speech, also called an opinion. 2) Evidence. An inference made, or conclusion drawn, by a witness from facts known to him. 3) Judgment. A collection of reasons delivered by a judge for giving the judgment he is about to pronounce the judgment itself is sometimes called an opinion. Will A will is a legal document in which a person directs how his property is to be distributed after his death. Such documents must be executed in due form and must be duly witnessed. Definition An enumeration of the particular acts included by or under a name: as, the definition of a crime. Effect The operation of a law, of an agreement, or an act, is called its effect. Immediate That which is produced directly by the act to which it is ascribed, without the intervention or agency of any distinct intermediate cause. Cause 1) Civil law. It signifies the delivery of the thing, or the accomplishment of the act which is the object of a convention. 2) It is the consideration or motive for making a contract. 3) Pleading. The reason; the motive. 4) Practice. A contested question before a court of justice; it is a Suit or action. Credit Common law, contracts. The ability to borrow, on the opinion conceived by the lender that he will be repaid. This definition includes the effect and the immediate cause of credit. The debt due in consequence of such a contract is also called a credit; as, administrator of an the goods, chattels, effects and credits. Debt Whatever one owes. A sum of money due by certain and express agreement. Contract A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract. Administrator A person who administers the estate of a person deceased. The administrator is appointed by a court and is the person who would then have power to deal with the debts and assets of a person who died intestate. Female administrators are called "administratrix." An administrator is a personal representative. Effects This word used simpliciter is equivalent to property or, worldly substance, and may carry the whole personal estate, when used in a will. SIMILAR TERMS-------------------------------------- Credentials International law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. Credible witness A credible witness is one who is competent to give evidence, and is worthy of belief. Credit Suisse First Boston lawyer A lawyer representing major investment firm Credit Suisse First Boston. Creditor Creditor or obligee. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. PREVIOUS AND NEXT TERMS-------------------------------------- Cranage A toll paid for drawing merchandise out of vessels to the wharf, so called, because the instrument used for the purpose is called a crane. Craven A word of obloquy, which in trials by battel, was pronounced by the vanquished; upon which judgment was rendered against him. Creance This is a French word, which, in its extensive sense, signifies claim; in a narrower sense it means a debt. Credentials International law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. Credible witness A credible witness is one who is competent to give evidence, and is worthy of belief. Credit Creditor Creditor or obligee. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something. Creek Maritime law. Creeks are of two kinds, viz. creeks of the sea and creeks of ports. The former sorts are such little inlets of the sea whether within the precinct or extent of a, port or without, which are narrow passages and-have shore on either side of them. The latter, Viz. breeks of ports, are by a kind of civil denomination such. They are such, that though possibly for their extent and. situation they might be ports, yet they are either members of or dependent upon other ports. Cretion Civil law. The acceptance of a succession. Crew Those persons who are employed in the navigation of a vessel. Crewman A foreign national serving in a capacity required for normal operations and service on board a vessel or aircraft. We thank you for using the Juridical Dictionary to search for Credit. If you have a better definition for Credit than the one presented here, please let us know by making use of the suggest a term option. This definition of Credit may be disputed by other professionals. Our attempt is to provide easy definitions on Credit and any other medical topic for the public at large.
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