Debt - Law Dictionary Search Results
Bum-Bailiff
Bum-Bailiff, a person employed to dun one for a debt; the bailiff employed to arrest for debt. See BOUND-BAILIFFS.
Compensation
Law) a sort of right by set-off or stoppage, whereby a person who has been sued for a debt demands that the debt may be compensated with what is owing to him by the creditor. See INTOXICATING
sale
purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off compare absolute sale in this entry execution sale : a sale carried out
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promise
fulfillment is dependent on a fortuitous or uncertain event collateral promise : a promise usually to pay the debt of another that is ancillary to an original promise, is not made for the benefit of the party
Conversion of stock
a higher to a lower, as was done in the case of a small part of the National Debt, under the (English) National Debt (Conversion of Stock) Acts, 1884 and 1933, and nearly 2000 millions of War
fund
fund : a fund set up and accumulated by regular deposits for paying off the principal on a debt or for other specified purposes (as self-insurance) strike fund : a fund accumulated by a union through special
accommodate
provision for [ a disability] see also reasonable accommodation 2 : to accept without compensation responsibility for a debt of (another person) in the event of nonpayment as a way of reassuring a reluctant creditor see also
bond
default b : one who acts as a surety 2 : an interest-bearing document giving evidence of a debt issued by a government body or corporation that is sometimes secured by a lien on property and is
collection account
collection account an unpaid debt referred to a collection agency to collect on the bad debt. This type of account is reported to
consumer credit
finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt
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