Definition of Debitum In Praesenti Solvendum In Futuro

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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Debitum In Præsenti Solvendum In Futuro
    Black's Law Dictionary: 2nd Edition

    A debt or obligation complete when contracted, but of which the performance cannot be required till some future period.