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personal action

Line breaks: per|son¦al ac¦tion

Definition of personal action in English:

noun

Law
An action brought for compensation or damages for loss of a thing from the person responsible, rather than for recovery of the thing itself: there are a number of compelling reasons for a creditor to obtain a charge and not rely solely on his personal action against the debtor company
More example sentences
  • Directors of a company who had authorised a fraudulent prospectus and sent fraudulent letters were responsible in a personal action against them.
  • It is, as will be seen, one which can give rise to personal actions against a fiduciary.
  • As a lender, a bank will have the usual right to bring a personal action against the debtor on his promise to repay.

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