relation of debtor and creditor

See debtor and creditor relation.

Ballentine's law dictionary. . 1998.

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  • debtor and creditor relation — The relationship which exists between two persons when one of them, the debtor, owes money to the other, the creditor. Kansas City, St. L. & C. R. Co. v Alton R. Co. (CA7 Ill) 124 F2d 780. The relationship of debtor and creditor arises in tort… …   Ballentine's law dictionary

  • Debtor —    Various regulations as to the relation between debtor and creditor are laid down in the Scriptures.    1) The debtor was to deliver up as a pledge to the creditor what he could most easily dispense with (Deut. 24:10, 11).    2) A mill, or… …   Easton's Bible Dictionary

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • international payment and exchange — ▪ economics Introduction international exchange also called  foreign exchange        respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… …   Universalium

  • SABBATICAL YEAR AND JUBILEE — (Heb. שְׁמִטָּה, shemittah; יוֹבֵל, yovel). According to the Bible, during the seventh year all land had to be fallow and debts were to be remitted (Ex. 23:10–11; Lev. 25:1–7, 18–22; Deut. 15:1–11). The close of seven sabbatical cycles instituted …   Encyclopedia of Judaism

  • Islam and slavery — The major juristic schools of Islam traditionally accepted the institution of slavery.Lewis 1994, [ Ch.1] ] Muhammad and many of his companions bought, sold, freed, and captured slaves. Slaves… …   Wikipedia

  • Hume: moral and political philosophy — Rosalind Hursthouse INTRODUCTION Hume’s moral and political philosophy, like his epistemology and meta physics, originally appeared in A Treatise of Human Nature, (henceforth [7.1]), Book III of which, ‘Of Morals’, was published in 1740. He… …   History of philosophy

  • bank deposit — A contractual relationship ensuing from the delivery, by one known as the depositor, of money, funds, or even things into the possession of the bank, which receives the same upon the agreement to pay, repay, or return, upon the order or demand of …   Ballentine's law dictionary

  • certificate of deposit — A written acknowledgment by a bank or banker on the receipt of a sum of money on deposit which the bank or banker promises to pay to the depositor, to the order of the depositor, or to some other person or to his order, whereby the relation of… …   Ballentine's law dictionary

  • special deposit — A deposit delivered into the possession of a bank to be kept separate and distinct from the general assets of the bank and to be returned or delivered intact on demand, the title to the thing deposited remaining in the depositor. 10 Am J2d Banks… …   Ballentine's law dictionary

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