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Simple English definitions for legal terms
debitorem locupletem esse
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A quick definition of debitorem locupletem esse:
Debitorem locupletem esse: This is a Latin phrase that means "the debtor is solvent." It refers to a situation where a person who owes money has enough money or assets to pay back the debt. When a creditor assigns a debt to someone else, they might sometimes guarantee that the debtor has the money to pay it.
A more thorough explanation:
Debitorem locupletem esse is a Latin phrase that means "the debtor is solvent." This means that the person who owes money has enough money or assets to pay back the debt.
For example, if someone borrows money from a bank and the bank says that the borrower is "debitorem locupletem esse," it means that the bank believes the borrower has enough money or assets to pay back the loan.