Juridical Dictionary

This dictionary contains:
8526
juridical terms

Indebtedness






Indebtedness

The state, of being in debt, without regard to the ability or inability of the party to pay the same.

RELATED TERMS
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State
1) Government. In its most enlarged sense, it signifies a self-sufficient body of persons united together in one community for the defence of their rights, and to do right and justice to foreigners. In this sense, the state means the whole people united into one body politic; and the state, and the people of the state, are equivalent expressions. 2) Condition of persons. This word has various acceptations. If we inquire into its origin, it will be found to come from the Latin status, which is derived from the verb stare, sto, whence has been made statio, which signifies the place where a person is located, stat, to fulfil the obligations which are imposed upon him.

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

Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.

Party
Practice, contracts. When applied to practice, by party is understood either the plaintiff or defendant. In contracts, a party is one or more persons who engage to perform or receive the performance of some agreement.



SIMILAR TERMS
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Indebitatus assumpsit
Remedies, pleadings. That species of action of assumpsit, in which the plaintiff alleges in his declaration, first a debt, and then a promise in consideration of the debt, that the defendant, being indebted, he promised the plaintiff to pay him.

Indebiti solutio
Civil law. The payment to one of what is not due to him.

Indecency
An act against good behaviour and a just delicacy. The law, in general, will repress indecency as being contrary to good morals, but, when the public good requires it, the mere indecency of disclosures does not suffice to exclude them from being given in evidence.

Indefeasible
That which cannot be defeated or undone. This epithet is usually applied to an estate or right which cannot be defeated.

Indefensus
One sued or impleaded, who refuses or has nothing to answer.

Indefinite
That which is undefined; uncertain.

Indefinite failure of issue
Executory devise. A general failure of issue, whenever it may happen, without fixing a time, or certain or definite period, within which it must take place. The issue of the first taker must be extinct, and the issue of the issue ad infinitum, without regard to the time or any particular event.

Indefinite legacy
A request of things which are not enumerated or ascertained as to numbers or quantities; as, a bequest by a testator of all his goods, all his stocks in the funds.

Indefinite payment
Contracts. That which a debtor who owes several debts to a creditor, makes without making an appropriation; in that case the creditor has a right to make such appropriation.

Indefinite, number
A number which may be increased or diminished at pleasure.

Indemnification-hold harmless clause
A term providing for the obligation by one party in a contract to defend another party against a stated loss or liability covered by the contract, such as copyright infringement or defamation.

Indemnity
That which is given to a person to prevent his suffering damage. Sometimes it signifies diminution; a tenant who has been interrupted in the enjoyment of his lease may require an indemnity from the lessor, that is, a reduction of his rent.

Indemnity policy
A liability insurance policy that provides protection from claims arising from injury or damage to other people or their property. An indemnity policy is less adapted to direct action than a liability policy because it requires that the insured have already paid the claim (“pay first” or “pay to be paid”), before the insurer is obliged to indemnify the insured.

Indenture
Conveyancing. An instrument of writing containing a conveyance or contract between two or more persons, usually indented or cut unevenly, or in and out, on the top or, side.

Independence
A state of perfect irresponsibility to any superior.

Independent contract
One in which the mutual acts or promises have no relation to each other, either as equivalents or considerations.

Independent contractor
A self-employed person who contracts with others to perform a service. Contractors are not "employees" under federal and state law and are not guaranteed the same benefits given to regular, or employees.

Independent executor
A special kind of executor, permitted by the laws of certain states, who performs the duties of an executor without intervention by the court.

Indeterminate
That which is uncertain or not particularly designated.

Indeterminate sentence
A sentence of imprisonment to a specified minimum and maximum period of time, specifically authorized by statute, subject to termination by a parole board or other authorized agency after the prisoner has served the minimum term.

Indeterminate sentencing
In most US states, convicted offenders (with few exceptions) are given a minimum and a maximum portion to their sentences. The maximum is usually determined by law, and the minimum is set by a judge with the legal restriction that it is not to exceed two-thirds of the maximum. The Parole Board has jurisdiction over the prisoner when he or she has served the minimum portion of the sentence.



PREVIOUS AND NEXT TERMS
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Inculpate
To inculpate. To accuse one of a crime or misdemeanor.

Incumbent
Ecclesiastical law. A clerk resident on his benefice with cure; he is so called because he does, or ought to, bend the whole of his studies to his duties. In common parlance, it signifies one who is in the possession of an office.

Incumbrance
Whatever is a lien upon an estate. The right of a third person in the land in question to the diminution of the value of the land, though consistent with the passing of the fee by the deed of conveyance, is an incumbrance.

Indebitatus assumpsit
Remedies, pleadings. That species of action of assumpsit, in which the plaintiff alleges in his declaration, first a debt, and then a promise in consideration of the debt, that the defendant, being indebted, he promised the plaintiff to pay him.

Indebiti solutio
Civil law. The payment to one of what is not due to him.

Indebtedness

Indecency
An act against good behaviour and a just delicacy. The law, in general, will repress indecency as being contrary to good morals, but, when the public good requires it, the mere indecency of disclosures does not suffice to exclude them from being given in evidence.

Indefeasible
That which cannot be defeated or undone. This epithet is usually applied to an estate or right which cannot be defeated.

Indefensus
One sued or impleaded, who refuses or has nothing to answer.

Indefinite
That which is undefined; uncertain.

Indefinite failure of issue
Executory devise. A general failure of issue, whenever it may happen, without fixing a time, or certain or definite period, within which it must take place. The issue of the first taker must be extinct, and the issue of the issue ad infinitum, without regard to the time or any particular event.

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This dictionary contains 8526 terms.