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Simple English definitions for legal terms
solvendo esse
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A quick definition of solvendo esse:
Term: SOLVENDO ESSE
Definition: Solvendo esse means being able to pay what you owe. It comes from a Latin word and was used in history to describe someone who was financially stable and could pay their debts.
A more thorough explanation:
Solvendo esse (sol-ven-doh es-ee) is a Latin term that means to be solvent or to be able to pay an obligation.
- After receiving a loan from the bank, the company was able to pay off its debts and become solvendo esse.
- John was worried about his financial situation, but after getting a new job, he became solvendo esse and was able to pay his bills on time.
These examples illustrate the concept of being able to pay off debts or obligations. When a person or company is solvendo esse, it means they have enough money to meet their financial obligations and are not in danger of defaulting on their loans or bills.