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Simple English definitions for legal terms

jus distrahendi

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A quick definition of jus distrahendi:

Term: JUS DISTRAHENDI

Definition: Jus distrahendi is a Latin term that means the right to sell pledged goods when the borrower fails to repay the loan. This means that if someone borrows money and puts up something valuable as collateral, like a piece of jewelry or a car, and then fails to pay back the loan, the lender has the right to sell the collateral to recoup their losses.

A more thorough explanation:

Jus Distrahendi

Jus distrahendi (pronounced j-s dis-tr-hen-dI) is a Latin term that refers to the right to sell pledged goods upon default.

  • If a person borrows money from a bank and pledges their car as collateral, the bank has the jus distrahendi to sell the car if the borrower fails to repay the loan.
  • Similarly, if a person takes out a pawnshop loan and pledges their jewelry as collateral, the pawnshop has the jus distrahendi to sell the jewelry if the borrower does not repay the loan.

These examples illustrate how the jus distrahendi gives the lender the legal right to sell the pledged item in order to recoup their losses if the borrower defaults on the loan.

jus dispositivum | jus dividendi

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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