- unliquidated debt
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Remaining not determined; unassessed or unsettled; in dispute as to the proper amount.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
unliquidated debt
Look at other dictionaries:
unliquidated debt — An obligation which has not been reduced to a specific money amount; also, there may be a bona fide dispute between the parties as to this undetermined amount Compare liquidated debt … Black's law dictionary
debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… … Law dictionary
unliquidated claim — or demand A claim which has not been finally determined either as to liability or amount of damages. A disputed claim. Under the law of accord and satisfaction, a claim or debt will be regarded as unliquidated if it is in dispute as to the proper … Black's law dictionary
unliquidated demand — unliquidated claim or demand A claim which has not been finally determined either as to liability or amount of damages. A disputed claim. Under the law of accord and satisfaction, a claim or debt will be regarded as unliquidated if it is in… … Black's law dictionary
unliquidated claim or demand — A claim which has not been finally determined either as to liability or amount of damages. A disputed claim. Under the law of accord and satisfaction, a claim or debt will be regarded as unliquidated if it is in dispute as to the proper amount.… … Black's law dictionary
debt — A common law action for the recovery of a fixed and definite sum of money or for a sum of money which can be ascertained from fixed data by computation or is capable of being readily reduced to certainty. 1 Am J2d Actions § 20; that which is… … Ballentine's law dictionary
existing debt — To have an existing debt it is sufficient if there is an absolute debt owing though the period for its payment may not yet have arrived. A tax may be a debt within meaning of agreement to assume existing debts . Shepard v. Commissioner of… … Black's law dictionary
existing debt — To have an existing debt it is sufficient if there is an absolute debt owing though the period for its payment may not yet have arrived. A tax may be a debt within meaning of agreement to assume existing debts . Shepard v. Commissioner of… … Black's law dictionary
claim in proceeding for readjustment of public debt under the Bankruptcy Act — The claim of a creditor holding securities in the technical or nontechnical sense, even a holder of an unliquidated claim against the municipality or other public body. 9 Am J2d Bankr § 1423 … Ballentine's law dictionary
liquidated — A debt that is for a known number of dollars is liquidated. An unliquidated debt is one where the debtor has liability, but the exact monetary measure of that liability is unknown. Tort claims are usually unliquidated until a trial fixes the… … Glossary of Bankruptcy
