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Suitors' Fund

Defined in 3 dictionaries — Cyclopedic (1922), Ballentine's (1916), Stimson (1881)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

A fund belonging to the English court of chancery, and consisting of two parts. Fund A consisted of government stocks resulting from the investment of so much of the money in court belonging to the suitors as was not required for current purposes. Part of the income arising from these investments was employed in paying certain expenses of the court, and the balance was invested in government stocks, which formed fund B. Subsequently the surplus income of both funds was annually added to the suitors' fee fund (q. V.) By the Courts of Justice, etc.. Act 1869, the suitors' fund was transferred to the commissioners for the reduction of the national debt, and the consolidated fund was made liable for the due payment of the money which belonged to the suitors, and had been invested as above stated. Chanc. Funds Comm. Rep. 1864.

Ballentine's Law Dictionary

James A. Ballentine · 1916

A fund in the English chancery court made up of sums paid in as costs.

Glossary of Technical Terms, Phrases, and Maxims of the Common Law

Frederic Jesup Stimson · 1881

The moneys, and interest thereon, paid by litigants into court in the Chancery. Summa ratio est quae pro religione facit, I. (That is the greatest reason which makes for religion.) That rule of conduct is to be deemed most binding which religion dictates.