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Legal Forums arrow Legal Dictionary

LETTER OP LICENSE,

Legal Term: LETTER OP LICENSE,
Definition: contracts. An instrument or writing made by creditors to their insolvent debtor, by which they bind themselves to allow him a longer time than he had a right to, for the payment of his debts and that they will not arrest or molest him in his person or property till after the expiration of such additional time.





***All definitions are taken from the 1856 Edition of Bouviers Law Dictionary

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