Define: Debito Tempore

Debito Tempore
Debito Tempore
Quick Summary of Debito Tempore

Debito tempore: In due time, something will happen at the appropriate or expected time.

Debitrix: An old-fashioned term from civil law that refers to a female debtor.

Debit sans breve: Another term for “debet sine breve,” which means a debt that can be collected without a writ or court order.

Debitum: A debt that is owed and must be repaid, whether it be money or other things, with a legal obligation to repay it.

Indebitum: A term related to “debitum” that refers to a debt that is not actually owed, but someone is trying to collect it anyway.

Full Definition Of Debito Tempore

Debito tempore is a Latin term that signifies “in due time.” For instance, if an individual borrows money from a bank, they incur a debitum or debt that must be repaid within debito tempore or the agreed-upon timeframe. This explanation demonstrates the usage of the terms debitum and debito tempore in the context of Roman law. When someone borrows money, they assume a duty and responsibility to repay it, which is known as a debitum. The repayment must be made within debito tempore or the specified timeframe. Related terms include Debitrix, an outdated term in civil law referring to a female debtor, Debit sans breve, which denotes a debt without a written order or warrant, Debitum, a Latin term in Roman law for a debt with an obligation to repay, and Indebitum, a term used for a debt that is mistakenly paid but not actually owed.

Debito Tempore FAQ'S

Debito Tempore refers to a legal concept that allows for the payment of a debt within a specific time frame or period.

Under Debito Tempore, a debtor is given a specific period to repay their debt, usually agreed upon by both parties involved. This allows the debtor some flexibility in meeting their financial obligations.

Yes, Debito Tempore is a legally binding agreement between the debtor and the creditor. Both parties must agree to the terms and conditions of the repayment period.

Debito Tempore can be used for various types of debts, including loans, credit card payments, and other financial obligations. However, it is important to note that not all creditors may be willing to accept this arrangement.

If the debtor fails to repay the debt within the agreed Debito Tempore period, the creditor may take legal action to recover the outstanding amount. This can include filing a lawsuit or seeking other means of debt collection.

In some cases, the Debito Tempore period can be extended if both parties agree to it. However, this extension must be documented and agreed upon in writing to ensure its validity.

The charging of additional interest or fees during the Debito Tempore period depends on the terms and conditions agreed upon between the debtor and the creditor. It is essential to review the agreement carefully to understand any additional charges that may apply.

Debito Tempore can be used as a defence in a legal dispute if the debtor can provide evidence that they have made reasonable efforts to repay the debt within the agreed period. However, the outcome will ultimately depend on the specific circumstances of the case.

While it is preferable to have a written agreement for Debito Tempore, it may still be enforceable if there is sufficient evidence to prove the existence of the arrangement. This can include emails, text messages, or witness testimonies.

Debito Tempore can be a useful tool to manage debts and potentially avoid bankruptcy. By agreeing to a repayment period, debtors can work towards fulfilling their financial obligations without resorting to bankruptcy proceedings. However, it is advisable to consult with a legal professional to fully understand the implications and potential alternatives.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 17th April 2024.

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