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Simple English definitions for legal terms
secundum vires inventarii
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A quick definition of secundum vires inventarii:
Term: SECUNDUM VIRES INVENTARII
Definition: Secundum vires inventarii is a Latin term used in law history. It means that something is valued or measured according to the extent of the inventory. In simpler terms, it means that something is valued based on what is listed in an inventory.
A more thorough explanation:
SECUNDUM VIRES INVENTARII
Secundum vires inventarii is a Latin legal term that means "according to the extent of the inventory."
When a person dies, their assets are usually listed in an inventory. If a court decides to distribute the assets among the heirs, it may do so secundum vires inventarii, meaning that each heir will receive a portion of the assets according to the extent of the inventory.
Another example of using this term is in bankruptcy proceedings. If a company goes bankrupt, its assets are listed in an inventory. The creditors may then be paid secundum vires inventarii, meaning that they will receive a portion of the assets according to the extent of the inventory.
The term secundum vires inventarii is used in legal contexts to indicate that something is being distributed or allocated based on the extent of an inventory. The examples illustrate how this term can be used in different situations, such as distributing assets among heirs or paying creditors in a bankruptcy case.