Legal Definitions - conventional remission

Conventional remission is a term used in civil law to describe a situation where a creditor forgives a debt owed by a debtor. This forgiveness is granted by the creditor who has the legal capacity to do so.

For example, if a person owes money to a bank, and the bank decides to forgive the debt, this is an example of conventional remission. The bank has the legal capacity to forgive the debt owed by the person.

Conventional remission is different from tacit remission, which is a situation where a creditor surrenders an original title to the debtor, resulting in the remission of the debt.

Overall, conventional remission is a legal term used to describe the forgiveness of a debt by a creditor who has the legal capacity to do so.