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Debt - Law Dictionary Search Results

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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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