Legal Definitions - exigible debt

Definition: Exigible debt is a type of debt that is due and payable immediately. It is a liquidated and demandable debt, meaning that the amount owed is clear and the creditor can demand payment.

Example: A credit card bill is an example of exigible debt. When you use your credit card to make a purchase, you are essentially borrowing money from the credit card company. The amount you owe is clear and the credit card company can demand payment at any time.

This example illustrates the definition of exigible debt because the debt is due and payable immediately, and the amount owed is clear and demandable.