antecedent debt
antecedent debt see debt

Merriam-Webster’s Dictionary of Law. . 1996.

antecedent debt
A legally enforceable obligation, which has been in existence prior to the time in question, to reimburse another with money or property.

Dictionary from West's Encyclopedia of American Law. 2005.

antecedent debt
A legally enforceable obligation, which has been in existence prior to the time in question, to reimburse another with money or property.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • antecedent debt — 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

  • 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

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