Definition from Nolo’s Plain-English Law Dictionary
1) Money or property that is given to the court clerk to be distributed after a lawsuit is concluded. Typically, the person making payment into court is not involved in the lawsuit, but owes money or property to which the parties dispute ownership. For example, a customer might make payment into court for money owed a business partnership, if the partnership has dissolved and one partner is suing the other for ownership of the business's assets. 2) In landlord-tenant law, rent money that a tenant deposits with a court during a dispute with the landlord, often to avoid eviction.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:21 pm