To come into existence as a debt that has become due or a right that a person becomes entitled to receive, but the debt has not yet been paid or the right received.
Further Reading
For more detailed information, see our related Wills Trusts And Estates terms:
Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.
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