Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.
See also:WARRANT OF See also:ATTORNEY . A warrant of attorney to confess See also:judgment is a See also:security for See also:money (now practically obsclete) in the See also:form of an authority to a See also:solicitor named by a creditor, empowering him to sign judgment in an See also:action against .the debtor for the sum due, with a See also:defeasance, or clause that the warrant shall not be put into force in See also:case of due See also:payment of the money secured. It was often used as a See also:collateral security, either for the payment of an See also:annuity or with mortgages, in
See also:order that the mortgagee, by entering up judgment, might obtain priority in the See also:administration of the See also:assets of the mortgagor. The Debtors See also:Act 1869 contained various provisions for making known to the debtor the extent of the liability incurred by him, among others that the warrant must be executed in the presence of a solicitor named by the debtor, and that it and the defeasance must be written on the same See also:paper. A warrant of attorney must be duly stamped, generally as a See also:mortgage (q.v.), and must be registered as a judgment in the central See also:office of the Supreme See also:Court.
WARRANT-OFFICER, in the See also:British See also:navy, the name given to See also:officers who See also:rank next to those who hold commissions, being appointed by warrant. They include the See also:master, See also:purser, surgeon, See also:gunner, See also:boatswain and See also:carpenter, the first three being of " See also: Additional information and CommentsThere are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click, and select "copy." Then paste it into your website, email, or other HTML. Site content, images, and layout Copyright © 2006 - Net Industries, worldwide. |
|
[back] WARRANT (Med. Lat. warantum; O. Fr. garant, warant,... |
[next] WARRANTY |