obtained on credit
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 290 U.S. 66 - Fidelity & Deposit Co. v. Arenz · 1933Most cited · 92 citing opinions
Petitioner gave its obligation, not for the premium alone, but also in consideration of respondent's promise to reimburse it. Having regard to the results that at the beginning the parties were reasonably bound to anticipate, it is clear that respondent obtained, and petitioner gave, the bond and obligation on credit.