exoneration


exoneration
/agzonareyshan/
The removal of a burden, charge, responsibility, or duty. Right to be reimbursed by reason of having paid that which another should be compelled to pay while "indemnity" generally is based upon contract, express or implied, and means compensation for loss already sustained. Uptagrafft v. U. S., C.A.Va., 315 F.2d 200, 203.
Equitable right of a surety, confirmed by statute in many states, to proceed by action in court to compel the principal debtor, against whom the surety will have a right of reimbursement, to satisfy the obligation where it would be inequitable for the surety to be compelled to perform, and thereby suffer the inconvenience and temporary loss which a payment by her will entail, if the principal debtor can satisfy the obligation.
See Restatement of Security No. 112 (1941)

Black's law dictionary. . 1990.

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  • exonération — [ ɛgzɔnerasjɔ̃ ] n. f. • 1552 sens 2; lat. exoneratio 1 ♦ (1865) Action d exonérer; son résultat. ⇒ abattement, affranchissement, décharge, déduction, dégrèvement, diminution, dispense, exemption, franchise, immunité, remise. Exonération fiscale …   Encyclopédie Universelle

  • exoneration — ex·on·er·a·tion /ig ˌzä nə rā shən, eg / n 1: the act of disburdening or discharging (as from a charge, liability, obligation, duty, or responsibility); also: the state of being so freed 2 a: the right of a person who has paid a debt for which he …   Law dictionary

  • Exoneration — Ex*on er*a tion, n. [L. exoneratio: cf. F. Exon[ e]ration.] The act of disburdening, discharging, or freeing morally from a charge or imputation; also, the state of being disburdened or freed from a charge. [1913 Webster] …   The Collaborative International Dictionary of English

  • Exoneration — Exoneration, lat. dtsch., Entlastung; exoneriren, entlasten …   Herders Conversations-Lexikon

  • exoneration — 1630s, from L. exonerationem (nom. exoneratio) an unloading, lightening, noun of action from pp. stem of exonerare (see EXONERATE (Cf. exonerate)) …   Etymology dictionary

  • Exoneration — Exonerated redirects here. For the legal film, see The Exonerated. Criminal procedure …   Wikipedia

  • Exonération — Une exonération est une dispense de paiement d impôt, de taxe ou de droit sous certaines conditions définies dans le cadre de la loi ; ainsi la faiblesse des revenus des personnes est un motif d exonération de certaines taxes touchant… …   Wikipédia en Français

  • EXONÉRATION — n. f. T. d’Administration Action d’exonérer. Exonération du service militaire. Exonération d’impôts. Exonération des frais d’étude …   Dictionnaire de l'Academie Francaise, 8eme edition (1935)

  • Exoneration — In a general sense, this term means to free from blame or guilt, such as when a criminal is proven innocent. In the financial realm, exoneration usually means to relieve one of a financial obligation or duty. This can apply in many different… …   Investment dictionary

  • exonération — (è gzo né ra sion) s. f. Terme de pratique. Décharge, soulagement. Exonération du service militaire. Exonération d impôts.    Autrefois, remplacement militaire fait par l État même au moyen d une somme fixée chaque année. ÉTYMOLOGIE    Lat.… …   Dictionnaire de la Langue Française d'Émile Littré

  • exoneration — exonerate UK US /ɪgˈzɒnəreɪt/ verb [T] FORMAL LAW ► to show or say officially that someone or something is not guilty of something: »We have proof which will completely exonerate him. exonerate sb from sth »I do not wholly exonerate her from… …   Financial and business terms