Rehearse the concord, or peace. A phrase used in the ancient proceedings for levying fines. It was the form of words by which the Justice before whom the parties appeared directed the Serjeant or countor in attendance to recite or read aloud the concord or agreement between the parties, as to the lands Intended to be conveyed. 2 Reeve, Eng. Law, 224, 225. … [Read more...]

A credible witness is one who is competent to give evidence, and is worthy of belief. 5 Mass. 219 17 Pick. 134; 2 Curt. Ecc. R. 336. In deciding upon the credibility of a witness, it is always pertinent to consider whether he is capable of knowing the thing thoroughly about which he testifies. 2. Whether he was actually present at the transaction. 3. Whether he paid, sufficient … [Read more...]

common law, contracts. The ability to borrow, on the opinion conceived by the lender that he will be repaid. This definition includes the effect and the immediate cause of credit. The debt due in consequence of such a contract is also called a credit; as, administrator of an the goods, chattels, effects and credits 2. The time extended for the payment of goods sold, is also … [Read more...]

There are three major credit bureaus, Equifax, Experian and Trans Union, regulated by the federal Fair Credit Reporting Act, that collect and sell information about the credit history of people and entities. The credit reports are used by banks and credit card companies (and others in the practice of lending) to screen applications for reliability and ability to pay debts. … [Read more...]

The ability to pay outstanding debts outside of a bankruptcy proceeding and where an counselor assists the debtor with credit and financial management. Bankruptcy laws now require a debtor to undergo credit counseling with an approved counselor prior to filing for bankruptcy. … [Read more...]