extinguishment of debts

extinguishment of debts
This takes place by payment; by accord and satisfaction; by novation, or the substitution of a new debtor; by merger, when the creditor recovers a judgment or accepts a security of a higher nature than the original obligation; by a release; by bankruptcy; and where one of the parties, debtor or creditor, makes the other his executor.

Black's law dictionary. . 1990.

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  • extinguishment of debts — This takes place by payment; by accord and satisfaction; by novation, or the substitution of a new debtor; by merger, when the creditor recovers a judgment or accepts a security of a higher nature than the original obligation; by a release; by… …   Black's law dictionary

  • Extinguishment — is the destruction of a right or contract. Rawle, Francis; Bouvier, John. (1914) Bouvier s Law Dictionary and Concise Encyclopedia [http://books.google.com/books?id=0mo8AAAAIAAJ pg=PA1167 lpg=PA1167 dq=Extinguishment+law source=web ots=JDmnkM1JMr …   Wikipedia

  • discharge — dis·charge 1 /dis chärj, dis ˌchärj/ vt 1: to release from an obligation: as a: to relieve of a duty under an instrument (as a contract or a negotiable instrument); also: to render (an instrument) no longer enforceable a formal instrument...may… …   Law dictionary

  • List of Statutory Instruments of the United Kingdom, 1996 — This is a complete list of all 2071 Statutory Instruments published in the United Kingdom in the year 1996. NOTOC 1 100* Insurance Companies (Pension Business)(Transitional Provisions) (Amendment) Regulations 1996 S.I. 1996/1 * Sea Fishing… …   Wikipedia

  • discharge — (1) The action of releasing a lien or the document in which the creditor relinquishes a lien. Also known as a satisfaction, a release, a reconveyance, or an extinguishment. However, release tends to be used in connection with both real and… …   Financial and business terms

  • List of Statutory Instruments of the United Kingdom, 1993 — This is a complete list of all 1844 Statutory Instruments published in the United Kingdom in the year 1993. NOTOC 1 100* Environmental Protection (Controls on Injurious Substances) Regulations 1993 S.I. 1993/1 * Rail Crossing Extinguishment and… …   Wikipedia

  • abatement — abate·ment /ə bāt mənt/ n 1: the act or process of abating or the state of being abated challenged the abatement of her bequest abatement of a private nuisance by self help W. L. Prosser and W. P. Keeton 2: an amount abated …   Law dictionary

  • List of defunct United States congressional committees — The United States Congress has operated with more than 1500 standing, special, select, or joint committees over the years.[1][2][3] Many committees of these committees are now defunct. In some cases, their responsibilities were merged with other… …   Wikipedia

  • liquidation — The extinguishment of a debt by payment. Flecker v Bank of United States (US) 8 Wheat 338, 5 L Ed 631. The ascertainment of the amount of a debt or demand by agreement or by legal proceedings. In a more common sense of the term, the winding up of …   Ballentine's law dictionary

  • The Bronx — Bronx redirects here. For other uses, see Bronx (disambiguation). The Bronx   Borough of New York City   Bronx County Motto: Ne cede malis Do not give way to evil …   Wikipedia

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