|
 |
||
 |
| This dictionary contains: 8526 juridical terms |
 |
Secured debts
|
|
Secured debtsIn bankruptcy, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
RELATED TERMS--------------------------------------
Bankruptcy
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by creditors in an effort to recoup a portion of what they are owed. However, in the overwhelming majority of cases, the bankruptcy is initiated by the "bankrupt" individual or organization.
Debt
Whatever one owes. A sum of money due by certain and express agreement.
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.
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.
Right
1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself.
Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.
Collateral
Collateralis. From latus, a side; that which is sideways, and not direct.
SIMILAR TERMS--------------------------------------
Secure socket layer
A protocol used in electronic commerce to afford more security to transactions on the Internet.
Securities and exchange commission
A federal agency which monitors the securities industry.
Securities class action
A class action lawsuit on disputes about securities.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Security agreement
Security agreement means agreement that creates or provides for a security interest.
Security interest
Security interest means lien created by an agreement.
Security Lockdown (jail)
In the US penitentiary jargon, securing a correctional facility or unit by restricting prisoner movement to their housing area.
Secus
Otherwise.
PREVIOUS AND NEXT TERMS--------------------------------------
Secretary of the treasury of the united states
Government. An officer appointed by the president. His principal duties are, 1. To superintend the collection of the revenue. 2. To digest, prepare, and lay before congress at the commencement of every session, a report on the subject of finance. 3. To annex to the annual estimates of the appropriations required for the public service, a statement of the appropriations for the service of the year, which may have been made by former acts. 4. To give information to either house of congress, respecting all matters connected with his office. Besides these, there are other minor duties imposed upon him by various acts of congress.
Secta
Pleading. In ancient times the plaintiff was required to establish the truth of his declaration in the first instance, and before it was called in question, upon the pleading, by the simultaneous production of his secta, that is, a number of persons prepared to confirm his allegations
Section of land
The lands of the United States are surveyed into parcels of six hundred and forty acres; each such parcel is called a section.
Sectores
Among the Romans the bidders at an auction were so called.
Secure socket layer
A protocol used in electronic commerce to afford more security to transactions on the Internet.
Secured debts
Securities and exchange commission
A federal agency which monitors the securities industry.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Security agreement
Security agreement means agreement that creates or provides for a security interest.
Security interest
Security interest means lien created by an agreement.
Secus
Otherwise.
RELATED TERMS--------------------------------------
Bankruptcy
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organisation, or it can be requested by creditors in an effort to recoup a portion of what they are owed. However, in the overwhelming majority of cases, the bankruptcy is initiated by the "bankrupt" individual or organization.
Debt
Whatever one owes. A sum of money due by certain and express agreement.
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.
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.
Right
1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself.
Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.
Collateral
Collateralis. From latus, a side; that which is sideways, and not direct.
SIMILAR TERMS--------------------------------------
Secure socket layer
A protocol used in electronic commerce to afford more security to transactions on the Internet.
Securities and exchange commission
A federal agency which monitors the securities industry.
Securities class action
A class action lawsuit on disputes about securities.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Security agreement
Security agreement means agreement that creates or provides for a security interest.
Security interest
Security interest means lien created by an agreement.
Security Lockdown (jail)
In the US penitentiary jargon, securing a correctional facility or unit by restricting prisoner movement to their housing area.
Secus
Otherwise.
PREVIOUS AND NEXT TERMS--------------------------------------
Secretary of the treasury of the united states
Government. An officer appointed by the president. His principal duties are, 1. To superintend the collection of the revenue. 2. To digest, prepare, and lay before congress at the commencement of every session, a report on the subject of finance. 3. To annex to the annual estimates of the appropriations required for the public service, a statement of the appropriations for the service of the year, which may have been made by former acts. 4. To give information to either house of congress, respecting all matters connected with his office. Besides these, there are other minor duties imposed upon him by various acts of congress.
Secta
Pleading. In ancient times the plaintiff was required to establish the truth of his declaration in the first instance, and before it was called in question, upon the pleading, by the simultaneous production of his secta, that is, a number of persons prepared to confirm his allegations
Section of land
The lands of the United States are surveyed into parcels of six hundred and forty acres; each such parcel is called a section.
Sectores
Among the Romans the bidders at an auction were so called.
Secure socket layer
A protocol used in electronic commerce to afford more security to transactions on the Internet.
Secured debts
Securities and exchange commission
A federal agency which monitors the securities industry.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Security agreement
Security agreement means agreement that creates or provides for a security interest.
Security interest
Security interest means lien created by an agreement.
Secus
Otherwise.
We thank you for using the Juridical Dictionary to search for Secured debts. If you have a better definition for Secured debts than the one presented here, please let us know by making use of the suggest a term option. This definition of Secured debts may be disputed by other professionals. Our attempt is to provide easy definitions on Secured debts and any other medical topic for the public at large.
This dictionary contains 8526 terms.
|
|