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Debt
DebtWhatever one owes. A sum of money due by certain and express agreement. RELATED TERMS-------------------------------------- Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. Express That which is made known, and not left to implication. The opposite of implied. It is a rule, that when a matter or thing is expressed, it ceases to be implied by law: expressum facit cessare tacitum. Agreement A verbal or written resolution of disputes. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Debit Accounts, commerce. A term used in book-keeping, to express the left-hand page of the ledger, to which are carried all the articles supplied or paid on the subject of an account, or that are charged to that account. It also signifies the balance of an account. Debitum A thing due or owing; an obligation; a debt, q.v. Debitum in praesenti, solvendum in futuro A debt due at present, to be paid in future. Debitum in pręsenti, solvendum in futuro An obligation existing in the present, dischargeable in the future. Debitum sine brevi Debt without a writ or declaration. Abbreviated d.s.b. Debt Debtee One to whom a debt is due a creditor, as, debtee executor. 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. Decapitation Punishment. The punishment of putting a person to death by taking off his head. Decedent In the acts of descent and distribution in Pennsylvania, this word is frequently used for a deceased person, testate or intestate. Deceit Any devise or false representation by which one man misleads another to his injury. Formerly, the remedy was a "writ of deceit"; now, unless otherwise provided by statute, it is by an "action of trespass on the case". The defendant or his agent must have been guilty of some moral wrong; legal fraud alone will not support the action. We thank you for using the Juridical Dictionary to search for Debt. If you have a better definition for Debt than the one presented here, please let us know by making use of the suggest a term option. This definition of Debt may be disputed by other professionals. Our attempt is to provide easy definitions on Debt and any other medical topic for the public at large.
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