Ersítéstkioltást

Ersítéstkioltást is a term that appears in some historical Hungarian legal and administrative contexts, generally referring to the annulment or cancellation of a debt or financial obligation. The word is a compound of "ersítést" (genitive of "ersítés," meaning compensation or indemnity) and "kioltást" (accusative of "kioltás," meaning extinction, annulment, or cancellation). Therefore, a literal translation would be "the cancellation of compensation" or "the extinction of indemnity."

Historically, ersítéstkioltást could arise in various situations. It might involve the formal release of a debtor from their obligation by a creditor, often due to a specific agreement, a legal ruling, or a change in circumstances. This could occur in cases of debts owed to the state, private individuals, or institutions. The process would typically involve official documentation to record the annulment and ensure it was legally recognized.

The specific legal framework and procedures surrounding ersítéstkioltást would have varied depending on the period and the nature of the debt. Understanding the exact context in which the term is used is crucial for interpreting its precise meaning. It signifies a formal act that renders a previously existing financial liability null and void.