FOREIGN a.
d. Shak. Foreign attachment (Law), a process by which the property of a foreign or absent debtor is attached for the satisfaction of a debt due from him to the plaintiff; an attachment of the goods, effects, or credits of a debtor in the hands of a third person; -- called in some States trustee, in others factorizing,…
GIVE v.
as blows, sarcasms, etc. -- To give time (Law), to accord extension or forbearance to a debtor. Abbott. -- To give the time of day, to salute one with the compliment appropriate to the hour, as "good morning." "good evening", etc. -- To give tongue, in hunter's phrase, to bark; -- said of dogs. -- To give up. (a)…
GRACE n.
ediately following the day when a bill or note becomes due, which days are allowed to the debtor or payer to make payment in. In Great Britain and the United States, the days of grace are three, but in some countries more, the usages of merchants being different. -- Good graces, favor; friendship. -- Grace cup. (a) A…
HYPOTHECATION n.
which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re. Pothier. B. R. Curtis. There are but few cases, if any, in our law, where an hypo…
LETTER n.
e under Attorney, Credit, etc. -- Letter of license, a paper by which creditors extend a debtor's time for paying his debts. -- Letters close or clause (Eng. Law.), letters or writs directed to particular persons for particular purposes, and hence closed or sealed on the outside; -- distinguished from letters patent.…