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Respite

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RESPITE, contracts, civil law. An act by which a debtor who is unable to satisfy his debts at the moment, transacts (i. e. compromises) with his creditors, and obtains from them time or delay for the payment of the sums which he owes to them.

 


Respite
Definition - Noun
in the civil law of Louisiana : a judicially approved or enforced agreement that provides a debtor with time or a delay for the payment of creditors
Pronunciation'res-p&t, ri-'spIt ...

Respite
Late Charge, Late Fee
Late Charge (in banking)
Past Due (in banking)
Dividends-Paid Deduction (business term)
Delinquent
domain kiting (technology)
Adequate Notice (in banking)
Inadvertent Error (in banking)
Nonrevolver (in banking) ...

This program provides grant funding for combined services between state and local agencies for such things as counseling, support groups, respite and other community based services.

See also: Law, Service, State, United states, Right

Law ResolutionRespondeat superior

 
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