JUS CREDITI

jus crediti (j<<schwa>>s kred-i-tI). [Latin “the right of credit”] Roman & Scots law. A creditor’s right to a debt; a creditor’s right to recover a debt through legal process. Cf. JUS EXIGENDI.

“[T]he term is frequently used in contradistinction to a mere spes, or defeasible expectancy. This jus crediti is often of great importance; for although a person may not be entitled to be put in immediate possession of a subject, yet the obligation to deliver it to him at some future time creates in him a vested right, which forms part of his estate.” William Bell, Bell’s Dictionary and Digest of the Law of Scotland 620 (George Watson ed., 7th ed. 1890).

[Blacks Law 8th]