chose in action

chose in action
An incorporeal right; the right of a creditor to be paid; a right not reduced to possession but recoverable by bringing and maintaining an action. 42 Am J1st Prop § 26.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • chose in action — see chose Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chose in action …   Law dictionary

  • Chose in action — Action Ac tion, n. [OF. action, L. actio, fr. agere to do. See {Act}.] 1. A process or condition of acting or moving, as opposed to rest; the doing of something; exertion of power or force, as when one body acts on another; the effect of power… …   The Collaborative International Dictionary of English

  • Chose in action — Chose Chose, n.; pl. {Choses}. [F., fr. L. causa cause, reason. See {Cause}.] (Law) A thing; personal property. [1913 Webster] {Chose in action}, a thing of which one has not possession or actual enjoyment, but only a right to it, or a right to… …   The Collaborative International Dictionary of English

  • chose in action — The right of property in intangible things which are not in one s possession, but that are enforcible through legal or Court action, such as debts, insurance claims, shares in a company, pensions and salaries. (Dictionary of Canadian Bankruptcy… …   Glossary of Bankruptcy

  • chose in action — Etymology: chose (II) 1. : any right to a personal as opposed to a real thing that is not in one s possession or actual enjoyment but is recoverable by suit at law; especially : any right to an act or forbearance (as in case of debts, stocks,… …   Useful english dictionary

  • chose in action — A right of proceeding in a court of law to obtain a sum of money or to recover damages. Examples include rights under an insurance policy, a debt, and rights under a contract. A chose in action is a form of property and can be assigned, sold,… …   Big dictionary of business and management

  • chose in action — A thing in action; a right of bringing an action or right to recover a debt or money. Right of proceeding in a court of law to procure payment of sum of money, or right to recover a personal chattel or a sum of money by action. Gregory v. Colvin …   Black's law dictionary

  • chose in action — A thing in action; a right of bringing an action or right to recover a debt or money. Right of proceeding in a court of law to procure payment of sum of money, or right to recover a personal chattel or a sum of money by action. Gregory v. Colvin …   Black's law dictionary

  • chose in action — /ʃoʊz/ (say shohz) noun Law 1. an intangible form of property as debts, shares, intellectual property, contractual rights, etc., recoverable by an action. 2. a right which can be protected only by legal action …  

  • chose in action — (Law) right of ownership in intangible items which are not in a person s possession but may be recovered through legal or court action (such as shares in a company, debts, insurance claims, salaries and pensions); document (as a check or stock… …   English contemporary dictionary

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