acknowledgment of debt


acknowledgment of debt
Any remark by a debtor to the creditor, by which the former clearly admits the debt and expressly or by clear implication shows an intention to pay it. 34 Am J1st Lim Ac § 297.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • acknowledgment of debt — recognition of financial liability, acknowledgement of financial obligation …   English contemporary dictionary

  • acknowledgment — To acknowledge is to admit, affirm, declare, testify, avow, confess, or own as genuine. Favello v. Bank of America Nat. Trust & Savings Ass n, 24 Cal.App.2d 342, 74 P.2d 1057, 1058. Admission or affirmation of obligation or responsibility.… …   Black's law dictionary

  • acknowledgment — To acknowledge is to admit, affirm, declare, testify, avow, confess, or own as genuine. Favello v. Bank of America Nat. Trust & Savings Ass n, 24 Cal.App.2d 342, 74 P.2d 1057, 1058. Admission or affirmation of obligation or responsibility.… …   Black's law dictionary

  • acknowledgment — ac·knowl·edg·ment also ac·knowl·edge·ment n 1 a: the act of acknowledging b: the act of admitting paternity compare filiation 2: a thing done or given in recognition of something received an acknowledgment came …   Law dictionary

  • debt — debt, indebtedness, obligation, liability, debit, arrear mean something, and especially a sum of money, that is owed another. Debt usually implies that the amount is owed in return for goods, property, or services and can be definitely computed… …   New Dictionary of Synonyms

  • Acknowledgment (creative arts) — In the creative arts and scientific literature, an acknowledgment (also spelled acknowledgement) is an expression of gratitude for assistance in creating a literary or artistic work. Receiving credit by way of acknowledgment rather than… …   Wikipedia

  • acknowledgement of debt — acˌknowledgement of ˈdebt noun acknowledgements of debt PLURALFORM [countable] FINANCE LAW an official written statement in which someone agrees that they have a debt and will pay it back * * * acknowledgement of debt UK US (plural… …   Financial and business terms

  • Judgment debt — Judgment Judg ment, n. [OE. jugement, F. jugement, LL. judicamentum, fr. L. judicare. See {Judge}, v. i.] [1913 Webster] 1. The act of judging; the operation of the mind, involving comparison and discrimination, by which a knowledge of the values …   The Collaborative International Dictionary of English

  • IOU — n. a signed document acknowledging a debt. Etymology: = I owe you * * * noun an informal debt instrument; representing I owe you • Hypernyms: ↑note, ↑promissory note, ↑note of hand * * * |ī(ˌ)ō|yü noun ( s) …   Useful english dictionary

  • Contract — • The canonical and moralist doctrine on this subject is a development of that contained in the Roman civil law. In civil law, a contract is defined as the union of several persons in a coincident expression of will by which their legal relations …   Catholic encyclopedia


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