- A debt previously contracted, whether or not due. Fletcher, Appellant, 136 Mass 340, 342. A debt once binding which has become unenforceable by operation of law, without release or discharge by the obligee. 17 Am J2d Contr § 130.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
antecedent debt — see debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. antecedent debt … Law dictionary
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
antecedent — an·te·ce·dent /ˌan tə sēd ənt/ adj: earlier in time or order Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. antecedent … Law dictionary
antecedent — /aentasiydant/ Prior in point of time @ antecedent claim A preexisting claim. In law of negotiable instruments, a holder takes for value if he takes the instrument for an antecedent claim against any person whether or not the claim is due. U.C.C … Black's law dictionary
pre-existing debt — See antecedent debt … Ballentine's law dictionary
fair consideration — An adequate, just, or proper consideration; something more than a nominal consideration. Rude v Levy, 43 Colo 482, 96 P 560. A consideration fairly proportioned to the money, property, or services furnished by the contracting party. Manello v… … Ballentine's law dictionary
antecede — I verb antedate, forerun, go before, have precedence, precede, predate, prevene associated concepts: ancestor, antecedent creditor, antecedent debt, antecedent encumbrance, antecedent fraud, antecedent promise II index precede … Law dictionary
preference — pref·er·ence / pre frəns, fə rəns/ n 1: the right to prior payment of a debt with preference over the creditors of the heirs or legatees Louisiana Civil Code 2: the transfer of an insolvent debtor s interest in property to a creditor for an… … Law dictionary
Hindu joint family — A Hindu Joint Family or Hindu undivided family (HUF) or a Joint Hindu Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent, consisting of many generations living under the same roof. All the male members are… … Wikipedia
preferential transfer — A transfer of property made by an insolvent debtor to one creditor to the exclusion of others. 29 Am J Rev ed Insolv § 82. An act of bankruptcy; a transfer of any of the property of a creditor for or on account of an antecedent debt, made or… … Ballentine's law dictionary