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Simple English definitions for legal terms
satisdatio
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A quick definition of satisdatio:
Term: SATISDATIO
Definition: Satisdatio is a legal term from ancient Rome. It means that when someone owes money, they can give something valuable to someone else as a guarantee that they will pay the debt. This valuable thing is called a surety. Satisdatio can also refer to the act of giving this surety.
Plural: Satisdationes (sat-is-day-shee-oh-neez)
A more thorough explanation:
Definition: Satisdatio (sat-is-day-shee-oh) is a Latin term used in Roman law to refer to security given by a person, such as a debtor, through a surety. Plural form is satisdationes (sat-is-day-shee-oh-neez).
Example: If a person borrows money from a lender, they may be required to provide satisdatio in the form of a surety. This means that if the borrower is unable to repay the loan, the surety will be responsible for paying it back.
Explanation: The example illustrates how satisdatio works in practice. It shows that satisdatio is a form of security that provides assurance to the lender that they will be repaid, even if the borrower is unable to do so. The surety acts as a guarantee that the loan will be repaid, which reduces the risk for the lender.