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).
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