DEBITUM IN PRAESENTI SOLVENDUM IN FUTURO
debitum in praesenti solvendum in futuro (deb-i-t<<schwa>>m in pri-zen-tI
sol-ven-d<<schwa>>m in fyoo-t[y]oor-oh). [Latin] A present debt (or obligation) to be paid at a
future time; a debt or obligation complete when contracted, but of which the performance cannot
be required until some future period. [Blacks Law 8th]