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Simple English definitions for legal terms

creditor dominii

Read a random definition: in quantum locupletiores facti sumus ex damno alterius

A quick definition of creditor dominii:

Term: Creditor Dominii

Definition: Creditor Dominii is a legal term that refers to a creditor who has the right to own an object. This means that if someone borrows something and cannot pay back the debt, the creditor can take ownership of the object as payment. It is also known as a secured creditor.

A more thorough explanation:

Creditor dominii is a legal term that refers to a secured creditor who has the right to ownership of an object. This means that if the borrower defaults on their loan, the creditor can take possession of the object that was used as collateral.

For example, if someone takes out a loan to buy a car, the lender becomes the creditor dominii. If the borrower fails to make their payments, the lender can repossess the car and sell it to recover their losses.

Another example would be a mortgage lender. If a borrower defaults on their mortgage payments, the lender can foreclose on the property and take ownership of it.

The examples illustrate how a creditor dominii has the right to take possession of an object that was used as collateral for a loan. This is a way for lenders to protect themselves from the risk of borrowers defaulting on their loans. By having the right to take ownership of the collateral, the lender can recover their losses and minimize their financial risk.

creditor beneficiary | creditor's bill

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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