Juridical Dictionary

This dictionary contains:
8526
juridical terms

Future debt






Future debt

In Scotland this term is applied to a debt which though created is not due, but is to become so at a future day.

RELATED TERMS
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Term
1) Construction. Word; expression speech. 2) Contracts. This word is used in the civil, law to denote the space of time granted to the debtor for discharging his obligation; there are express terms resulting from the positive stipulations of the agreement; as, where one undertakes to pay a certain sum on a certain day and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 3) Estates. The limitation of an estate, as a term for years, for life, and the like. The word term does not merely signify the time specified in the lease, but the estate also and interest that passes by that lease; and therefore the term may expire during the continuance of the time, as by surrender, forfeiture and the like. 4) Practice. The space of time during which a court holds a session; sometimes the term is a monthly, at others it is a quarterly period, according to the constitution of the court.

Debt
Whatever one owes. A sum of money due by certain and express agreement.

Due
What ought to be paid; what may be demanded.



SIMILAR TERMS
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Future state
Evidence. A state of existence after this life.



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Furlong
A measure of length, being forty poles, or one-eighth of a mile.

Furlough
A permission given in the army and-navy to an officer or private to absent himself for a limited time.

Furniture
Personal chattels in the use of a family. By the term household furniture in a will, all personal chattels will pass which may contribute to the use or convenience of the householder, or the ornament of the house; as, plate, linen, china, both useful and ornamental, and pictures.

Further assurance
This phrase is frequently used in covenants, when a covenantor has granted an estate, and it is supposed some further conveyance may be required. He then enters into a covenant for further assurance, that is, to make any other conveyance which may be lawfully required.

Further hearing
Criminal law, practice. Hearing at another time.

Future debt

Future state
Evidence. A state of existence after this life.

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This dictionary contains 8526 terms.