DISTRAINABLE Meaning and
Definition
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Distrainable is an adjective that refers to the ability of an authority or entity to seize or legally impound someone's property or assets due to non-payment of a debt or failure to fulfill a financial obligation. This term is primarily used in the legal and financial contexts.
In the realm of law, when an individual or organization fails to meet their financial obligations or defaults on a debt, the party owed may have the legal right to distrain, or seize, the debtor's assets as a means of enforcing payment. In such cases, the debtor's belongings can be seized and sold, with the proceeds used to satisfy the outstanding debt.
The term distrainable is often used to describe the property or assets that can be seized by a creditor in such a situation. These may include personal possessions, real estate, vehicles, or any valuable assets that can be liquidated to repay the debts owed.
The concept of distrainable extends beyond individual or commercial debtors and can apply to a wide range of entities, including governments, corporations, or even other legal entities. It signifies the legal capacity of a creditor to enforce payment through the seizure of assets, providing a mechanism for individuals and organizations to collect debts owed to them and maintain financial stability.
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Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for DISTRAINABLE
- sistrainable
- xistrainable
- cistrainable
- fistrainable
- ristrainable
- eistrainable
- dustrainable
- djstrainable
- dkstrainable
- dostrainable
- d9strainable
- d8strainable
- diatrainable
- diztrainable
- dixtrainable
- didtrainable
- dietrainable
- diwtrainable
- disrrainable
Etymology of DISTRAINABLE
The word "distrainable" comes from the verb "distrain", which ultimately derives from the Latin word "distringere". In Latin, "distringere" is a combination of "di-" (a form of the prefix "dis-" meaning "apart" or "away") and "stringere" meaning "to draw tight" or "to pull".
"Distrain" entered the English language around the 14th century, originally referring to the act of legally seizing someone's property as a means of enforcing debt payment or satisfying claims. Over time, the -able suffix was added to form the adjective "distrainable", meaning something or someone that can be distrained or seized in this legal context.
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