Act of bankruptcy
Act Act ([a^]kt), n. [L. actus, fr. agere to drive, do: cf. F. acte. See {Agent}.] 1. That which is done or doing; the exercise of power, or the effect, of which power exerted is the cause; a performance; a deed. [1913 Webster]

That best portion of a good man's life, His little, nameless, unremembered acts Of kindness and of love. --Wordsworth. [1913 Webster] Hence, in specific uses: (a) The result of public deliberation; the decision or determination of a legislative body, council, court of justice, etc.; a decree, edit, law, judgment, resolve, award; as, an act of Parliament, or of Congress. (b) A formal solemn writing, expressing that something has been done. --Abbott. (c) A performance of part of a play; one of the principal divisions of a play or dramatic work in which a certain definite part of the action is completed. (d) A thesis maintained in public, in some English universities, by a candidate for a degree, or to show the proficiency of a student. [1913 Webster]

2. A state of reality or real existence as opposed to a possibility or possible existence. [Obs.] [1913 Webster]

The seeds of plants are not at first in act, but in possibility, what they afterward grow to be. --Hooker. [1913 Webster]

3. Process of doing; action. In act, in the very doing; on the point of (doing). ``In act to shoot.'' --Dryden. [1913 Webster]

This woman was taken . . . in the very act. --John viii. 4. [1913 Webster]

{Act of attainder}. (Law) See {Attainder}.

{Act of bankruptcy} (Law), an act of a debtor which renders him liable to be adjudged a bankrupt.

{Act of faith}. (Ch. Hist.) See {Auto-da-F['e]}.

{Act of God} (Law), an inevitable accident; such extraordinary interruption of the usual course of events as is not to be looked for in advance, and against which ordinary prudence could not guard.

{Act of grace}, an expression often used to designate an act declaring pardon or amnesty to numerous offenders, as at the beginning of a new reign.

{Act of indemnity}, a statute passed for the protection of those who have committed some illegal act subjecting them to penalties. --Abbott.

{Act in pais}, a thing done out of court (anciently, in the country), and not a matter of record. [1913 Webster]

Syn: See {Action}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • act of bankruptcy — ➔ bankruptcy * * * act of bankruptcy UK US noun [C] ► LAW an action by someone who owes money that may give people they owe money to a reason to ask a court to say that they are bankrupt (= legally unable to pay what they owe and forced to give… …   Financial and business terms

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  • act of bankruptcy — Term used under former federal Bankruptcy Act (No. 3), to refer to any act which rendered a person liable to be proceeded against involuntarily as a bankrupt, or for which he could be adjudged bankrupt. The new Bankruptcy Code (1979) no longer… …   Black's law dictionary

  • act of bankruptcy — or act of insolvency : an act specified by law as subjecting a person to be proceeded against as an involuntary bankrupt or insolvent …   Useful english dictionary

  • act of bankruptcy — An act for which the person who performed it may be adjudicated a bankrupt, provided timely proceedings for an adjudication are invoked and the person is not within the class of persons excepted from an involuntary adjudication. 9 Am J2d Bankr §… …   Ballentine's law dictionary

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  • Bankruptcy Act of 1933 — a statutory expansion of reorganization for companies Section 77. The Bankruptcy Act of 1933 and the Bankruptcy Act of 1934 were superseded by the Chandler Act of 1938 (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • Bankruptcy Act of 1934 — a further statutory expansion of reorganization for companies; (see Section 77B); the Bankruptcy Act of 1933 and the Bankruptcy Act of 1934 were superseded by the Chandler Act of 1938. (Common Bankruptcy Terms) United Glossary of Bankruptcy Terms …   Glossary of Bankruptcy

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