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Pure debt
Pure debtIn Scotland, this name is given to a debt actually due, in contradistinction to one which is to become due at a future day certain, which is called a future debt: and one due provisionally, in a certain event, which is called a contingent debt. RELATED TERMS-------------------------------------- Name One or more words used to distinguish a particular individual, as Socrates, Benjamin Franklin. Debt Whatever one owes. A sum of money due by certain and express agreement. Due What ought to be paid; what may be demanded. Contingent What may or may not happen;. what depends upon a doubtful event; as, a contingent debt, which is a debt depending upon some uncertain event. SIMILAR TERMS-------------------------------------- Pure or simple obligation One which is not suspended by any condition, whether it has been contracted without any condition, or when thus contracted, the condition has been performed. Pure plea Equity pleading. One which relies wholly on some matter dehors the bill as for example, a plea of a release or a settled account. PREVIOUS AND NEXT TERMS-------------------------------------- Purchase In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12. "Purchase is called the possession of lands or tenements that a man hath by his own deed or agreement, unto which possession he cometh, not by title of descent from any of his ancestors or cousins, but by his own deed." Purchase agreement or purchase offer Also, sales agreement and earnest money contract. Agreement between buyer and seller of property which sets forth in general the price and terms of a proposed sale. Purchase order A document issued by a company, or purchaser, ordering goods or services from another company, or vendor. A purchase order typically contains contract terms applying to the sale that the vendor is assumed to have agreed to if the vendor delivers the contracted for goods or services. Therefore, a purchase order should be reviewed as carefully as any contract. Purchase-money The consideration which is agreed to be paid by the purchaser of a thing in money. It is the duty of the purchaser to pay the purchase-money as agreed upon in making the contract, and, in case of conveyance of an estate before it is paid, the vendor is entitled according to the laws of, England, which have been adopted in several of the states, to a lien on the estate sold for the purchase-money so remaining unpaid. This is called an equitable lien. This doctrine is derived from the civil law. Purchaser contracts. A buyer, a vendee. Pure debt Pure or simple obligation One which is not suspended by any condition, whether it has been contracted without any condition, or when thus contracted, the condition has been performed. Pure plea Equity pleading. One which relies wholly on some matter dehors the bill as for example, a plea of a release or a settled account. Purgation The clearing one's self of an offence charged, by denying the guilt on oath or affirmation. Purlieu English law. A space of land near a forest, known by certain boundaries, which was formerly part of a forest, but which has been separated from it. Purparty That part of an estate, which having been held in common by parceners, is by partition allotted to any of them. To make purparty is to divide and sever the lands which fall to parceners. We thank you for using the Juridical Dictionary to search for Pure debt. If you have a better definition for Pure debt than the one presented here, please let us know by making use of the suggest a term option. This definition of Pure debt may be disputed by other professionals. Our attempt is to provide easy definitions on Pure debt and any other medical topic for the public at large.
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