practice. A term during which no execution can issue on a judgment. 2. It is either conventional, when the parties agree that no execution shall issue for a certain period; or it is granted by law, usually on condition of entering bail or security for the money. 3. An execution issued before the expiration of the stay is irregular and will be set aside; and the plaintiff in … [Read more...] about STAY OF EXECUTION
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STATUTORY
Relating to a statute; created or defined by a statute; required by a statute; conforming to a statute. Statutory crime. See CRIME. Statutory dedication. See DEDICATION. Statutory exposition. When the language of a statute is ambiguous, and any subsequent enactment involves a particular interpretation of the former act, it is said to contain a statutory exposition of the former … [Read more...] about STATUTORY
STATUTORY ACTION
An action based upon a legal statute. … [Read more...] about STATUTORY ACTION
STATUTORY DAMAGES
See damages. … [Read more...] about STATUTORY DAMAGES
STATUTORY LIEN
A law that automatically creates a lien. … [Read more...] about STATUTORY LIEN