nonadmitted asset

nonadmitted asset
nonadmitted asset see asset 2

Merriam-Webster’s Dictionary of Law. . 1996.

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  • asset — as·set / a ˌset, sət/ n [back formation from assets, singular, sufficient property to pay debts and legacies, from Anglo French asetz, from Old French asez enough] 1: the entire property of a person, business organization, or estate that is… …   Law dictionary

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  • ADMISSION — ADMISSION, legal concept applying both to debts and facts. Formal admission by a defendant is regarded as equal to the evidence of a hundred witnesses (BM 3b). This admission had to be a formal one, before duly appointed witnesses, or before the… …   Encyclopedia of Judaism

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