Legal Dictionary of Pakistan

special-contract debt

A debt due, or acknowledged to be due, by an instrument under seal, such as a deed of covenant or sale, a lease reserving rent, or a bond. - Also termed debt by special contract; debt by specialty contract; specialty debt. "Any contract in short whereby a determinate sum of money becomes due to any person, and is not paid but remains in action merely, is a contract of debt. And, taken in this light, it comprehends a great variety of acquisition; being usually divided into debts of record, debts by special, and debts by simple contract." 2 William Blackstone, Commentaries on the Laws of England 464 (1766).