Simple English definitions for legal terms
Read a random definition: delegation doctrine
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.
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.
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.