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Simple English definitions for legal terms
solvit
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A quick definition of solvit:
Term: SOLVIT
Definition: SOLVIT means "he paid" in Latin. It's a word that describes someone who has already paid for something.
A more thorough explanation:
SOLVIT
Solvit is a Latin word that means "he paid" or "paid".
- John owed his friend $50, but he solvit the debt by giving him the money.
- After receiving the invoice, the company solvit the payment to the supplier.
The examples illustrate the meaning of solvit, which is to pay or settle a debt or obligation. In both examples, someone owed money to another person or entity, and they solvit the debt by making the payment. The word solvit is often used in legal or financial contexts to indicate that a payment has been made.