Virginia Code 34-1: Definitions
Current as of: 2023 | Check for updates
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As used in this title, unless the context requires a different meaning:
Terms Used In Virginia Code 34-1
- Contract: A legal written agreement that becomes binding when signed.
- Creditor process: means all methods used by creditors to collect unsecured debts. See Virginia Code 34-1
- Exemption: means protection from all forms of creditor process. See Virginia Code 34-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
- Process: includes subpoenas, the summons and complaint in a civil action, and process in statutory actions. See Virginia Code 1-237
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
“Creditor process” means all methods used by creditors to collect unsecured debts.
“Debt” means a legally enforceable monetary obligation or liability of any individual whether arising out of a contract or otherwise, but not an obligation resulting from an intentional tort.
“Exempt” means protected from all forms of creditor process.
“Exemption” means protection from all forms of creditor process.
“Homestead exemption” means that exemption created by § 34-4.
“Householder” means any resident of Virginia.
“Laboring person” means any person who receives wages for his services.
Code 1919, § 6566; 1974, c. 272; 1978, c. 253; 1979, c. 674; 1990, c. 942.