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 […]