beneficium ordinis

beneficium ordinis (ben-[schwa]-fish-ee-[schwa]m or-d[schwa]-nis). [Latin “privilege of order”] Roman & Scots law. A surety’s right to require a creditor to seek payment from the principal debtor before seeking payment from the surety. See BENEFIT OF DISCUSSION.

“Beneficium Ordinis… by the civil law and our own, a cautioner, simply bound as such, is entitled to insist that the principal be first discussed by extreme diligence.” Hugh Barclay, A Digest of the Law of Scotland 76 (3d ed. 1865).

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双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。