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Fiat

act english court bankruptcy

[Latin, Let it be done.] In old English practice, a short order or warrant of a judge or magistrate directing some act to be done; an authority issuing from some competent source for the doing of some legal act.

One of the proceedings in the English BANKRUPTCY practice: a power, signed by the lord chancellor and addressed to the court of bankruptcy, authorizing the petitioning creditor to prosecute his complaint before that court. By the statute 12 & 13 Vict., c. 116, fiats were abolished.

Arbitrary or authoritative order or decision.

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