As to judgment debts, it is sufficient to say that, when by the judgment of a court of competent jurisdiction an order is made that a sum of money be paid by one of two parties to another, such a debt is not only enforceable by process of court, but it can be sued upon as if it were an ordinary debt.
Debts do not, as a general rule, carry interest, but such an obligation may arise either by agreement or by mercantile usage or by statute.
Thus a nation which has to choose between bankruptcy and the repudiation of its debts is on the horns of a dilemma.
"If he manages the business properly he will be able to pay off all his debts," said the militia officer, speaking of Rostov.
He'd thought to ask Darkyn about any debts owed but not about any future debts.
Immortal Code, Rule 302: Debts incurred by a deity shall not expire and shall be transferred to successors until settled.
Institutions possessing a special character are the monti frumentarii, public grain deposits, founded for the purpose of supplying peasant proprietors with seed corn, debts being paid in kind with interest after harvest.
The federal government has no public debt, but each of the six states has contracted debts which aggregate £237,000,000, equal to about £58, 8s.
There are also certain liabilities or debts which, for the convenience of the remedy, have been made to appear as though they sprang from contract, and are sometimes termed quasi-contracts.
Hence the Code allowed a proviso to be inserted in the marriage contract, that the wife should not be seized for her husband's pre-nuptial debts; but enacted that then he was not responsible for her pre-nuptial debts, and, in any case, that both together were responsible for all debts contracted after marriage..
The revenue was about 3,600,000; after deduction of taxes, interest on debts, expenses of management, &c., 2,080,000.
Or less, and 5195 for debts between 4s.
In 1859 the settlement of palace debts gave rise to the issue of 1,000,000 purses of new interior bonds (esham-i jedide) spread over a period of three years, repayable in twenty-four years, and bearing interest at 6%.
His father announced to him that he would now pay half his debts for the last time, but only on condition that he went to Moscow as adjutant to the commander-in-chief--a post his father had procured for him--and would at last try to make a good match there.
Nicholas was allowed no respite and no peace, and those who had seemed to pity the old man--the cause of their losses (if they were losses)--now remorselessly pursued the young heir who had voluntarily undertaken the debts and was obviously not guilty of contracting them.
The debts of the two nations resulted largely from this one cause.
The man was responsible for debts contracted by his wife, even before her marriage, as well as for his own; but he could use her as a mancipium.
Between 1884 and 1902 no fewer than 220,61 6 sales were effected for failure to pay taxes, while, from 1886 to 1902, 79,208 expropriations were effected for other debts not due to the state.
In 1884 there were 20,422 sales, of which 35.28% were for debts of 4s.
And 2; in 1902 there were 4857 sales, hut only 11~o1% for debts under 4s.
About 22% of them are for debts under 40, about 49%
3~6,~384,i2o Debts to be transferred to the Grand Livre.
Perpetual debts (Modena, Sicily, Naples).
Debts separately inscribed in the Grand Livre 10,042,027
During the same period the assumption of the Venetian and Roman debts, losses on the issue of loans and the accumulation of annual deficits, had caused public indebtedness to rise from 92,000,000 to 328,000,000, no less than f 100,000,000 of the latter sum having been sacrificed in premiums and commissions to bankers and underwriters of loans.
Were intended to protect the property of deceased persons, and also to secure the full payment of debts due therefrom to the crown.
The homestead of a householder (with a family) who occupies it may be held exempt from sale for the collection of debts other than those for purchase-money, taxes, or improvements, or for the satisfaction of a judgment upon a forfeited recognizance or bail-bond, but a homestead so exempted is limited to $3000 in value and to 160 acres of land.
However, there was a speedy reaction against the oppositon which had in no small measure been inspired by fear of a requirement that debts be paid in gold and silver.
A powerful but not disinterested ally was found in the king's uncle, Agesilaus, who hoped to rid himself of his debts without losing his vast estates.
Lysander as ephor proposed on behalf of Agis that all debts sbould be cancelled and that Laconia should be divided into 19,500 lots, of which 4500 should be given to Spartiates, whose number was to be recruited from the best of the perioeci and foreigners, and the remaining 15,000 to perioeci who could bear arms. The Agiad king Leonidas having prevailed on the council to reject this measure, though by a majority of only one, was deposed in favour of his son-in-law Cleombrotus, who assisted Agis in bearing down opposition by the threat of force.
The abolition of debts was carried into effect, but the land distribution was put off by Agesilaus on various pretexts.
The financial situation in Venezuela was for a long time extremely complicated and discreditable, owing to defaults in the payment of public debts, complications arising from the guarantee of interest on railways and other public works, responsibility for damages to private property during civil wars and bad administration.
The paper notes already issued had been constituted by law legal tender for all debts, but in 1868 their power of actual purchase was only 30% compared with that of gold, and by 1870 it had fallen as low as 25%.
His debts were enormous, and in 1675 he resolved to make over to his creditors all his income except twenty thousand livres, and, as he said, to "live for" them.
In 1888, a year before the republic was proclaimed, the internal and external national debts amounted to £74,000,000 sterling, with the currency at par.
In addition to the indebtedness of the national government, the individual states have also incurred funded debts of their own.
The aggregate of these debts in 1904 was £20,199,440, and the several loans made during the next two years, including those of the municipalities of Rio de Janeiro, Santos, Bahia and Manaos, add fully two and a half millions more to the total.
He retired into private life, heavily burdened with debts incurred during his tenure of office and narrowly escaping arrest even before he quitted Whitehall.
A homestead which is owned and occupied by a debtor as his dwelling place is exempt from seizure or sale for debts other than taxes, those secured by a mortgage on it, or those incurred for its improvement or repair, or for services performed by labourers or servants.
Delegations (havale) are granted on the provincial treasuries for one or two years in advance, sometimes for a series of years, in order to pay pressing debts too heavy to be met in a single payment.
The debts of the former are stated in the preface to the budget to be very large, and as payments are effected fresh creditors present themselves with undeniable vouchers in their hands, causing much embarrassment to the minister of finance: no figures, however, are given.
The Finance Bill provides that these debts are to be paid out of supplementary credits.