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The process or proceedings whereby a creditor must proceed against a principal debtor before proceeding against a surety or subsidiary debtor.
Definition source: English Wiktionary via Wiktextract
Usage: countable, uncountable
Examples
- There has been excussion against the principal debtor, who has no assets. The creditor is therefore proceeding against the surety.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
Latin excussus, past participle of excutere (“to shake off”).
Across languages
Translations
3 source translations are retained for this English entry.
-
Afrikaans:
uitwinning
— credit process
-
German:
Vorausklage
— credit process
-
Swedish:
process
— credit process