Define: Latori Praesentium

Latori praesentium, a Latin phrase utilised in Scots law, signifies “to the bearer of these presents.” This expression is commonly employed when referring to written notes or bonds that are payable to an unidentified creditor. In simpler terms, it implies that whoever possesses the written note or bond has the right to demand payment.

Latori praesentium, a Latin term utilised in Scots law, refers to “the bearer of these presents.” It is commonly employed when referring to written notes or bonds that are payable to an unnamed creditor. For instance, John writes a note promising to pay £100 to the bearer of the note and includes “Latori Praesentium” on it. This implies that anyone who possesses the note can claim the £100 from John. Similarly, Mary issues a bond for £500 and writes “Latori Praesentium” on it, indicating that whoever holds the bond can claim the £500 from Mary. These examples demonstrate the application of latori praesentium in Scots law, enabling the transfer of ownership of a note or bond to anyone in possession of it, without the necessity of a specific name being written on it. Consequently, this facilitates the trading or selling of the note or bond.

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This glossary post was last updated: 26th April 2024.