21:15
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LSDefine
Simple English definitions for legal terms
debitum subesse
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A quick definition of debitum subesse:
Debitum subesse:
Debitum subesse is a Latin term that means "the debt is due." This phrase is often used in historical contexts to indicate that a debt must be paid. In simpler terms, it means that someone owes money and needs to pay it back.
A more thorough explanation:
DEBITUM SUBESSE
Debitum subesse is a Latin term that means "the debt is due." It refers to a legal principle that acknowledges the existence of a debt that must be paid.
- When a borrower signs a loan agreement, they acknowledge that a debt is due to the lender.
- If a company purchases goods or services on credit, they have a debt that is due to the supplier.
These examples illustrate the concept of debitum subesse because they both involve a debtor owing money to a creditor. In both cases, the debt is legally recognized and must be paid according to the terms of the agreement.