Consumer Debts - Law Dictionary Search Results
consumer debts
Matched in: Term consumer debts
consumer debt
Matched in: Term consumer debt
debt
debt : a debt that cannot be collected NOTE: An income tax deduction is allowed for bad debts. consumer debt : debt that is incurred by an individual primarily for the purchase of consumer goods or services
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consumer credit
Matched in: Term consumer credit
Consumer
Matched in: Term Consumer
consumer debtor
Matched in: Term consumer debtor
Tippling Act
12, by which no person may maintain any action for any debt 'for any spirituous liquors, unless such debts shall have really been contracted at one time to the amount of 20s.' By the Sale of Spirits … c. 38), the above enactment is repealed so far only as relates to spirituous liquors sold to be consumed elsewhere than on the premises where sold, and delivered at the residence of the purchaser thereof in quantities
back end ratio (debt ratio)
compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross monthly income. Source: U.S. Department of Housing and Urban Development … back end ratio (debt ratio) a ratio that compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross monthly income. Source:
statement of intention
statement of intention A declaration made by a chapter 7 debtor concerning plans for dealing with consumer debts that are secured by property of the estate. Source: Administrative Office of the U.S. Courts
credit
property or the right to attach the debtor's income in case of a failure to repay see also consumer credit compare debt c : financial reputation [to borrow money on the of the United States "U.S. Constitution … repaid later compare loan b : the use of resources (as money) in the present obtained by the debtor's promise to repay the creditor in the future usually with interest as compensation to the creditor and often
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