personal obligation
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obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… … Law dictionary
personal — per·son·al adj 1: of, relating to, or affecting a person: as a: of, relating to, or based on the existence or presence of a person see also personal injury; personal jurisdiction at jurisdiction b … Law dictionary
obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… … Black's law dictionary
personal — Appertaining to the person; belonging to an individual; limited to the person; having the nature or partaking of the qualities of human beings, or of movable property. In re Steimes Estate, 150 Misc. 279, 270 N.Y.S. 339. As to personal action… … Black's law dictionary
Obligation Bond — A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of the property itself. An obligation bond creates a personal obligation on the part of… … Investment dictionary
personal commitment — commitment that a person makes to himself, personal obligation … English contemporary dictionary
Obligation — • Defined in the Institutes of Justinian as a legal bond which by a legal necessity binds us to do something according to the laws of our State Catholic Encyclopedia. Kevin Knight. 2006. Obligation Obligation … Catholic encyclopedia
Personal jurisdiction (United States) — Personal jurisdiction in United States law refers to a court s power over a particular defendant ( in personam jurisdiction) or an item of property ( in rem jurisdiction). If a court does not have personal jurisdiction over a defendant or… … Wikipedia
Personal commitment — is the act or quality of voluntarily taking on or fulfilling obligations. What makes personal commitment personal is the voluntary aspect. In particular, it is not necessary that a personal commitment relate to personal interests.Types of… … Wikipedia
Personal Casualty Gains — for individuals for United States Federal Income Tax purposes are defined in section 165(h)(3)(A) of the Internal Revenue Code as the recognized gain of property arising from fire, storm, shipwreck, or other casualty. The property in question… … Wikipedia
personal liability — personal responsibility, obligation imposed on an individual, legal obligation of an individual … English contemporary dictionary