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LSDefine

Simple English definitions for legal terms

en recouvrement

Read a random definition: ex bonis

A quick definition of en recouvrement:

En recouvrement is a French legal term that means "for purpose of recovery." It refers to an endorsement on a bill of exchange that does not transfer ownership of the bill, but only gives the endorsee the power to collect the amount due on the bill. In simpler terms, it is a way for someone to authorize another person to collect money owed to them.

A more thorough explanation:

En recouvrement

En recouvrement is a French legal term that means "for the purpose of recovery." It refers to an endorsement on a bill of exchange that does not transfer the ownership of the bill, but only gives the endorsee the authority to collect the amount of the bill.

For example, if a company owes money to another company, the second company may endorse the bill of exchange en recouvrement to a debt collection agency. This means that the debt collection agency has the authority to collect the amount owed, but does not own the bill of exchange itself.

Another example is when a bank endorses a check en recouvrement. This means that the bank has the authority to collect the amount of the check on behalf of the person or company to whom the check was originally written.

The examples illustrate how en recouvrement is used in practice. In both cases, the endorsement does not transfer ownership of the bill of exchange or check, but only gives the endorsee the authority to collect the amount owed. This allows the original owner of the bill or check to delegate the task of collecting the payment to someone else, such as a debt collection agency or a bank.

enormious | enrégistrement

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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
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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