chose in action

chose in action
The right of property in intangible things which are not in one's possession, but that are enforcible through legal or Court action, such as debts, insurance claims, shares in a company, pensions and salaries. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

Look at other dictionaries:

  • chose in action — see chose Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. chose in action …   Law dictionary

  • Chose in action — Action Ac tion, n. [OF. action, L. actio, fr. agere to do. See {Act}.] 1. A process or condition of acting or moving, as opposed to rest; the doing of something; exertion of power or force, as when one body acts on another; the effect of power… …   The Collaborative International Dictionary of English

  • Chose in action — Chose Chose, n.; pl. {Choses}. [F., fr. L. causa cause, reason. See {Cause}.] (Law) A thing; personal property. [1913 Webster] {Chose in action}, a thing of which one has not possession or actual enjoyment, but only a right to it, or a right to… …   The Collaborative International Dictionary of English

  • chose in action — Etymology: chose (II) 1. : any right to a personal as opposed to a real thing that is not in one s possession or actual enjoyment but is recoverable by suit at law; especially : any right to an act or forbearance (as in case of debts, stocks,… …   Useful english dictionary

  • chose in action — A right of proceeding in a court of law to obtain a sum of money or to recover damages. Examples include rights under an insurance policy, a debt, and rights under a contract. A chose in action is a form of property and can be assigned, sold,… …   Big dictionary of business and management

  • chose in action — A thing in action; a right of bringing an action or right to recover a debt or money. Right of proceeding in a court of law to procure payment of sum of money, or right to recover a personal chattel or a sum of money by action. Gregory v. Colvin …   Black's law dictionary

  • chose in action — /ʃoʊz/ (say shohz) noun Law 1. an intangible form of property as debts, shares, intellectual property, contractual rights, etc., recoverable by an action. 2. a right which can be protected only by legal action …   Australian English dictionary

  • chose in action — (Law) right of ownership in intangible items which are not in a person s possession but may be recovered through legal or court action (such as shares in a company, debts, insurance claims, salaries and pensions); document (as a check or stock… …   English contemporary dictionary

  • chose in action — An incorporeal right; the right of a creditor to be paid; a right not reduced to possession but recoverable by bringing and maintaining an action. 42 Am J1st Prop § 26 …   Ballentine's law dictionary

  • chose in action — A personal right to receive or recover a debt or damages, but only through a lawsuit. American Banker Glossary …   Financial and business terms

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