EX BONIS Meaning and
Definition
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Ex bonis is a Latin legal term that means "from the good" or "from the assets." It denotes a principle followed in law, particularly in relation to property or assets.
In legal proceedings such as a lawsuit or bankruptcy, ex bonis is often used to refer to the distribution of funds or assets from the defendant's or debtor's existing resources or possessions. This term signifies that the allocation or distribution will be made from the available assets rather than from any potential future income or earnings.
Ex bonis is commonly utilized in cases where a court is involved in the collection of a debt or the enforcement of a judgment. For instance, in a bankruptcy scenario, if a debtor has limited resources or assets, the court may decide to allocate funds ex bonis, meaning that only the existing assets will be used to satisfy the claims of the creditors, rather than relying on any future income or earnings that the debtor may have.
Overall, ex bonis denotes the manner in which funds or assets are distributed in legal proceedings, taking into consideration the available resources rather than relying on potential future income or earnings. It ensures a fair and equitable distribution of assets based on what is currently accessible and encompasses an important principle followed in the legal system.
Common Misspellings for EX BONIS
- wx bonis
- sx bonis
- dx bonis
- rx bonis
- 4x bonis
- 3x bonis
- ez bonis
- ec bonis
- ed bonis
- es bonis
- ex vonis
- ex nonis
- ex honis
- ex gonis
- ex binis
- ex bknis
- ex blnis
- ex bpnis
- ex b0nis
- ex b9nis
Etymology of EX BONIS
The term "ex bonis" comes from Latin, specifically from the combination of two Latin words: "ex" meaning "out of" or "from" and "bonis" meaning "goods" or "property". When used together, "ex bonis" translates to "from the goods" or "out of the property". It is commonly used in legal contexts, particularly in relation to liquidating assets or distributing property during bankruptcy or similar processes.
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