equitable assets

equitable assets
Rights or interests, which may be either real or personal, but require the aid of the court of equity for their subjection. Agee v Saunders, 127 Tenn 680, 157 SW 64. Lands or personalty in which a debtor has an equitable estate or interest, so that they may be reached by a creditor's bill, notwithstanding the legal title is in another. 21 Am J2d Cred B § 33.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • equitable assets — noun plural : assets that are charged with or have become a fund for the payment of debts only by operation of equity; specifically : assets charged with the payment of debts by a debtor that would be exempted by law (as real estate of a… …   Useful english dictionary

  • assets — I noun available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches,… …   Law dictionary

  • Equitable — Eq ui*ta*ble, a. [F. [ e]quitable, from [ e]quit[ e]. See {Equity}.] 1. Possessing or exhibiting equity; according to natural right or natural justice; marked by a due consideration for what is fair, unbiased, or impartial; just; as, an equitable …   The Collaborative International Dictionary of English

  • equitable — Just; conformable to the principles of justice and right. Existing in equity; available or sustainable by action in equity, or upon the rules and principles of equity. See equitable action. As to equitable assets equitable construction equitable… …   Black's law dictionary

  • equitable — Just; conformable to the principles of justice and right. Existing in equity; available or sustainable by action in equity, or upon the rules and principles of equity. See equitable action. As to equitable assets equitable construction equitable… …   Black's law dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

  • equitable distribution — n: the distribution of marital assets by a court in a divorce action in accordance with statutory guidelines that are designed to produce a fair but not necessarily equal division of the property Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • equitable subordination — the lowering of priority of a claim because the holder of the claim is found to be guilty of some kind of improper conduct (Glossary of Common Bankruptcy Terms) The action by which a court postpones payment to one creditor until others are paid.… …   Glossary of Bankruptcy

  • equitable adoption — n: an adoption recognized by the law in order to allow claims (as to assets in an estate or to insurance or government benefits) in cases in which there is an express or implied contract to adopt and clear evidence of an intention to adopt but no …   Law dictionary

Share the article and excerpts

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