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Simple English definitions for legal terms
mutuatus
Read a random definition: Negotiable instruments
A quick definition of mutuatus:
Term: mutuatus
Definition: Mutuatus is a Latin word that means borrowing or loaning money. It refers to the act of receiving money from someone with the promise of returning it later. For example, if you borrow $10 from your friend and promise to pay it back next week, that is a mutuatus.
A more thorough explanation:
Mutuatus
Mutuatus is a noun that refers to borrowing money from someone. It means that someone has given you money, and you have to pay it back later.
- When I needed money to buy a new laptop, I asked my friend for a mutuatus.
- The bank gave me a mutuatus to help me pay for my college tuition.
These examples show how mutuatus is used to describe borrowing money. In the first example, the speaker needed money and asked a friend for a mutuatus. In the second example, the bank gave the speaker a mutuatus to help pay for college tuition. In both cases, the money was borrowed and will need to be paid back later.