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Simple English definitions for legal terms

creditor dominii

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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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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
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thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
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