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Legal Forums arrow Legal Dictionary

PASSIVE

Legal Term: PASSIVE
Definition: com. law. All the sums of which one is a debtor. It is used in contradistinction to active. (q. v.) By active debts are understood those which may be employed in furnishing assets to a merchant to pay those which he owes, which are called passive debts.



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

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