POOR-DEBTOR LAW


Meaning of POOR-DEBTOR LAW in English

noun

Etymology: poor debtor

: a law providing relief for debtors usually by affording them time to pay their just debts by installments, or by freeing them from arrest or imprisonment on their delivering all their property not exempt from creditors to a trustee or other public officer for the benefit of the creditors, or on their taking an oath that they have property within the amount exempted from the claims of creditors

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.