Search Results for: DEBIT

indebiti solutio

indebiti solutio (in-deb-i-tI s[schwa]-l[y]oo-shee-oh). [Latin] Roman & Scots law. Payment of what is not owed. • Money paid under the mistaken belief that it was owed could be recovered by condictio indebiti. See condictio indebiti under CONDICTIO. “Indebiti Solutio — When a person has paid in error what he was not bound to pay the […]

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nova debita

nova debita (noh-v[schwa] deb-i-t[schwa]). [Latin] Scots law. New debts, as distinguished from preexisting ones. “A security granted by a debtor within sixty days of his bankruptcy for a debt contracted before that period is reducible as a fraudulent preference. But security or payment granted in consideration of a novum debitum — a debt presently contracted

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