Exactor Meaning: Definition, Examples, and Translations
๐ผ
exactor
[ษชษกหzรฆktษr ]
Definition
financial term
An exactor is a person or entity that demands payment or collects debts, often used in a legal or financial context. This role can include the collection of taxes, debts, or other financial obligations. Exactors ensure that payments are made in accordance with agreed-upon terms or legal requirements.
Synonyms
Examples of usage
- The exactor arrived to collect the overdue payments.
- As an exactor, she was tasked with ensuring the company's finances remained in order.
- The exactor issued a notice for unpaid taxes.
Translations
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Interesting Facts
Historical Context
- In feudal times, exactors were often seen as tax collectors, sometimes perceived negatively due to harsh enforcement.
- The role of an exactor has evolved, with modern implications often tied to finance and law.
- Historical records indicate that exactors played essential roles in maintaining order during times when written contracts were less common.
Pop Culture
- In movies, exactors sometimes appear as antagonists, representing oppressive figures demanding payment.
- Literary works that discuss themes of debt and collection often feature exactors as pivotal characters driving the plot.
- The concept is explored in various genres, from crime thrillers to comedies, emphasizing the tension surrounding financial obligations.
Legal Perspective
- In a modern legal context, exactors can include bailiffs or collection agencies enforcing payment of debts.
- Debtors' rights have been a topic of litigation, as exactors must follow strict regulations to avoid unlawful practices.
- The Fair Debt Collection Practices Act in the U.S. offers guidelines governing how exactors must conduct their business.
Psychological Aspect
- The role of an exactor can evoke feelings of anxiety in those owing debts, highlighting the psychological weight of financial obligation.
- Debtors may experience stress caused by the pressure from exactors, often impacting their mental health and relationships.
- Understanding the perspective of an exactor can illuminate the social dynamics of power, control, and fear surrounding finance.
Origin of 'exactor'
Main points about word origin
- The word 'exactor' comes from Latin 'exactor,' meaning 'one who demands or collects.'
- In Middle English, it was used to describe someone who enforced laws or taxes.
- It is related to the verb 'exact,' which means to demand and obtain something with authority.
The term 'exactor' originates from the Latin word 'exactor', which means 'one who demands' or 'one who collects'. In ancient times, exactors were often associated with tax collecting and debt recovery, acting as intermediaries between the state and its citizens to ensure that obligations were met. The term has evolved through centuries of legal and financial practices, solidifying its place in modern financial terminology. As economies developed, the role of the exactor diversified to include various forms of debt collection and financial management, reflecting changes in commerce and law. In contemporary use, the term may occasionally be viewed in a more formal or archaic context compared to the more commonly used terms like 'debt collector' or 'collections agent'.