debitum in presenti, solvendum in futuro

debitum in presenti, solvendum in futuro
A present indebtedness to be paid at a future time. "Although the duties thus accrue to the government as a personal debt of the importer, upon the arrival of the goods at the proper port of entry, yet it is but a debitum in presenti, solvendum in future, according to the Revenue Collection Act." Meredith & Ellicott v United States (US) 13 Pet 486, 493, 10 L Ed 258, 262.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужна курсовая?

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”