incur a debt
61Administrative divisions of New York — Separate municipal buildings for town and village of Monroe in Orange County The administrative divisions of New York are the various units of government that provide local government services in the state of New York. The state has four types of …
62assume — as·sume vt as·sumed, as·sum·ing 1: to voluntarily take upon oneself assume a risk 2: to take over (the debts or obligations of another) as one s own assume a mortgage Merriam Webster’s Dictionary of Law. Merriam Webster …
63PRACTICE AND PROCEDURE — CIVIL Court Sessions The courts of three (judges) exercising jurisdiction in civil matters (see bet din ) held their sessions during the day, but – following Jethro s advice to Moses that judges should be available at all times (Ex. 18:22) – they …
64Tax — Taxation An aspect of fiscal policy …
65AGENCY — AGENCY, legal concept whereby the lawful acts of someone authorized by, and acting on behalf of, another are as effective as if performed by the principal; recognized in Jewish law from ancient times. A basic concept in the Talmud is that a man s …
66Short (finance) — Schematic representation of short selling in two steps. The short seller borrows shares and immediately sells them. He then waits, hoping for the stock price to decrease, when the seller can profit by purchasing the shares to return to the lender …
67Payday loan — A shop window in Falls Church, Virginia advertises payday loans. A payday loan (also called a paycheck advance) is a small, short term loan that is intended to cover a borrower s expenses until his or her next payday. The loans are also sometimes …
68Predatory lending — describes unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of… …
69United States Treasury security — A United States Treasury security is government debt issued by the United States Department of the Treasury through the Bureau of the Public Debt. Treasury securities are the debt financing instruments of the United States federal government, and …
70United States federal budget — The Budget of the United States Government is a federal document that the President submits to the U.S. Congress. The President s budget submission outlines funding recommendations for the next fiscal year, which begins on October 1st.… …
