Compounds
/ˈkɒmpaʊndz/
Definitions
- (n.) Property consisting of a main building and the土地s and outbuildings surrounding it, often enclosed.
The defendant owned a large compound with several guest houses.
- (v.) To settle a debt or legal claim by accepting less than the full amount due.
The creditor agreed to compound the debt for a lower sum.
Forms
- compound
Related terms
Commentary
As a noun, 'compound' often pertains to real property law. As a verb, it relates to debt settlement; distinctions are important to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.