Legal Term Dictionary

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  • PAWN (NOUN)
    n. A bailment of goods to a creditor, as security for some debt or engagement ; a pledge. Story, Bailm. ? 7; Coggs v. Bernard, 2 Ld. Raym. 913; Barrett v. Cole, 49 N. C. 40; Surber v. McClintic, 10 W. Va. 242; Commercial Bank v. Flowers, 116 Ga. 219, More...
  • PAWNBROKER
    A person whose business is to lend money, usually In small sums, on security of personal property deposited with him or left in pawn. Little Rock v. Barton, 33 Ark. 444; Schaul v. Charlotte, 118 N. C. 733, 24 S. E. 526; Chicago v. Hulbert 118 111. 632, 8 N. More...
  • PAWNEE
    The person receiving a pawn, or to whom a pawn is made; the person to whom goods' are delivered by another in pledge.
  • PAWNOR
    The person pawning goods or delivering goods to another in pledge.
  • PAX ECCLESIAE
    Lat In old English law. The peace of the church. A particular privilege attached to a church; sanctuary, (q. v.) Crabb, Eng. Law, 41; Cowell.
  • PAX REGIS
    Lat .The peace of the king; that is, the peace, good order, and security for life and property which it is one of the objects of government to maintain, and which the king, as the personification of the power of the state, is supposed to guaranty to all persons within More...
  • PAY
    To pay is to deliver to a creditor the value of a debt, either in money or in goods, for his acceptance, by which the debt is discharged. Beals v. Home Ins. Co., 36 N*. Y.522.
  • PAYABLE
    A sum of money is said to be payable when a person is under an obligation to pay it. "Payable" may therefore signify an obligation to pay at a future time, but when used without qualification, "payable" means that the debt Is payable at once, as opposed to "owing." Sweet More...
  • PAYEE
    In mercantile law. The person In whose favor a bill of exchange, promissory note, or check is made or drawn; the person to whom or to whose order a bllU note, or check is made payable. 3 Kent,. Comm. 75.
  • PAYER, OR PAYOR
    One who pays, or who Is to make a payment; particularly the person who is to make payment of a bill or note. Correlative to "payee."
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