ALLOWED CLAIM Meaning and
Definition
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The term "allowed claim" refers to a legally recognized demand or request made by an individual or party seeking compensation or reimbursement from another entity. In the context of legal proceedings, an allowed claim is one that has been accepted and approved by the court or relevant authority, thereby acknowledging its legitimacy and entitlement to certain benefits.
An allowed claim typically arises in situations such as insurance claims, bankruptcy cases, or formal legal disputes where one party is seeking compensation or reimbursement for damages, losses, or owed funds. It implies that the claimant has met the necessary criteria and provided sufficient evidence or documentation to support their claim, enabling it to be legally recognized and considered for compensation or other remedies.
The process of determining an allowed claim often involves a thorough review and analysis of the submitted evidence, relevant documentation, and applicable laws or regulations. It may require the involvement of legal professionals, expert witnesses, or other qualified individuals to assess the validity and legitimacy of the claim. Once deemed allowed, the claimant may be entitled to receive financial compensation, assets, benefits, or any other appropriate form of redress as determined by the court or involved parties.
Overall, "allowed claim" represents a legal term that signifies the acceptance and acknowledgement of a demand or request for compensation, reimbursement, or other remedies, which has successfully met the criteria and requirements established by the relevant authority or court.
Etymology of ALLOWED CLAIM
The word "allowed" comes from the Middle English word "alowen" (also spelled "allowen"), which in turn comes from the Old English word "ālēowan". "Alowen" meant to admit, grant, or approve. It can be traced back to the Old English phrase "ā-lēofan", where "ā" signifies "on" or "to", and "lēofan" means "to permit" or "to approve".
The word "claim" comes from the Old French word "claimer", meaning "to call out, summon, or claim". The Old French term has its roots in the Latin word "clamare", meaning "to cry out" or "to shout".
So, the etymology of "allowed claim" would be a combination of the Old English and Old French origins mentioned above, resulting in a phrase meaning "to grant or admit a call or request".
