Juridical Dictionary

This dictionary contains:
8526
juridical terms

Payee




Payee

The person in whose favor a bill of exchange is made payable.

RELATED TERMS
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Person
This word is applied to men, women and children, who are called natural persons.

Favor
Bias partiality; lenity; prejudice.

Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.



SIMILAR TERMS
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Pawn
A pledge.

Pawn-broker
One who is lawfully authorized to lend money, and actually lends it, usually in small sums, upon pawn or pledge.

Pawnee
He who receives a pawn or pledge

Pawnor
One who, being liable to an engagement, gives to the person to whom he is liable, a thing to be held as a security for the payment of his debt or the fulfilment of his liability.

Pax regis
English law. The king's peace. In ancient times there were certain limits which were known by this name. The pax regis, or the verge of the court, as it was afterwards called, extended from the palace gate to the distance of three miles, three furlongs, three acres, nine feet, nine palms and nine barleycorns.

Payee

Payment
1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country.

Payor
The person who is making the payment(s). Again, in the context of family law, the word would typically refer to the person to a support or maintenance debtor. In commercial law, the word refers to the person who makes the payment on a check or bill of exchange.

Payroll service agencies
Third parties used by employers as a screen to prevent a direct employment relationship with the writer. These agencies function similarly to brokers but do not place writers in jobs.

Pays
The country. Trial per pays, is a trial by the country; that is, by jury.

Peace
The tranquillity enjoyed by a political society, internally, by the good order which reigns among its members, and externally, by the good understanding it has with all other nations. Applied to the internal regulations of a nation, peace imports, in a technical sense, not merely a state of repose and security, as opposed to one of violence and warfare, but likewise a state of public order and decorum.

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This dictionary contains 8526 terms.







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