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Payment
Payment1) 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. RELATED TERMS-------------------------------------- Execute To complete; to sign; to carry out according to its terms. Promise Contracts. An engagement by which the promisor contracts towards another to perform or do something to the advantage of the latter. Solvere To unbind; to untie; to release; to pay; solvere dicimus eum qui fecit quod facere promisit. Facere Latin. To make, do, perform, Compare Fieri. General 1) A principal officer, particularly in the army. 2) Something opposed to special; as, a general verdict, the general issue, which expressions are used in contradistinction to special verdict, special issue. 3) Principal, as the general post office. 4) Not select, as a general ship. 5) Not particular, as a general custom. 5) Not limited, as general jurisdiction. 7) This word is sometimes annexed or prefixed to other words to express or limit the extent of their signification; as Attorney General, Solicitor General, the General Assembly. Word Construction. One or more syllables which when united convey an idea a single part of speech. 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. 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. 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. Example An example is a case put to illustrate a. principle. Accord A satisfaction agreed upon between the parties in a lawsuit which bars subsequent actions on the claim. Satisfaction 1) Practice. An entry made on the record, by which a party in whose favor a judgment was rendered, declares that he has been satisfied and paid. 2) Construction by courts of equity. Satisfaction is defined to be the donation of a thing, with the intention, express or implied, that such donation is to be an extinguishment of some existing right or claim in the donee. 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. Pleadings That part of a party's case in which he or she formally sets out the facts and legal arguments which support that party's position. Pleadings can be in writing or they can be made verbally to a court, during the trial. Name One or more words used to distinguish a particular individual, as Socrates, Benjamin Franklin. Plea 1) Chancery practice. "A plea," says Lord Bacon, speaking of proceedings in courts of equity, "is a foreign matter to discharge or stay the suit." 2) Practice. The defendant's answer by matter of fact, to the plaintiff's declaration. Defendant A party who is sued in a personal action. Debt Whatever one owes. A sum of money due by certain and express agreement. Country By country is meant the state of which one is a member. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- 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 The person in whose favor a bill of exchange is made payable. Payment 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. Peck A measure of capacity, equal to two gallons. We thank you for using the Juridical Dictionary to search for Payment. If you have a better definition for Payment than the one presented here, please let us know by making use of the suggest a term option. This definition of Payment may be disputed by other professionals. Our attempt is to provide easy definitions on Payment and any other medical topic for the public at large.
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