Exigible

Exigible describes something that can be demanded or required, especially by law or legal obligation. It implies a pressing need or a situation demanding immediate action or fulfillment. The term often relates to financial matters, legal contracts, or circumstances where something is urgently necessary and can be enforced. The term highlights an obligation or duty, legally enforceable, requiring specific action or payment.

Exigible meaning with examples

• Under the terms of the loan, the full amount became immediately exigible due to missed payments, forcing the borrower into default. The bank swiftly pursued legal avenues to reclaim its assets, highlighting the seriousness of the breach and its consequences. This created a significant financial burden for the individual.
• Following the company's insolvency, all outstanding debts, including those to suppliers and creditors, were immediately exigible and subject to the liquidation process. This signaled a race to reclaim assets as stakeholders sought to recover losses. Each claimant looked to the liquidator for action.
• The government declared emergency relief funds, with the application for specific support packages becoming exigible upon meeting documented eligibility criteria and providing verifiable evidence. This streamlined disbursement to those in urgent need. It provided a practical system for distribution of the funding.
• The insurance policy stipulated that claims for property damage resulting from specific weather events were deemed exigible upon submission of the required documentation and independent verification of damages. Failure to meet these requirements invalidated the exigibility of the claim.