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subrogation

or obligor ;also : a doctrine holding that when an insurance company pays an insured's claim of loss due to another's tort the insurer succeeds to the insured's rights (as the right to sue for damages) against

sub-prime loan

619. An industry term to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees. Source: U.S. Department of Housing and

strict foreclosure

strict foreclosure 1 : a proceeding in which the amount due on a mortgage is determined and a period of time within which it must be paid is fixed

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statute of frauds

statutes of frauds, but use of the term often implies a single entity. This is at least partially due to the great stature of the original law, which represents the general principle that a contract must be

state action

be attributed to it NOTE: State actions are subject to judicial scrutiny for violations of the rights to due process and equal protection guaranteed under the Fourteenth Amendment to the U.S. Constitution. Such an action may be

solvent

solvent : able to pay all legal debts as they become due

Belladonna

are very poisonous and the root and leaves are used as powerful medicinal agents Its properties are largely due to the alkaloid atropine which it contains Called also deadly nightshade

write-off

write-off 1 : the elimination of an asset or amount due from the books 2 : tax write-off

Betacism

Excessive or extended use of the b sound in speech due to conversion of other sounds into it as through inability to distinguish them from b or because of

Claim

to obtain by virtue of authority right or supposed right to challenge as a right to demand as due

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