principal creditor
101excussion — noun The process or proceedings whereby a creditor must proceed against a principal debtor before proceeding against a surety or subsidiary debtor. My Lord, there has been excussion against the principal debtor, who has no assets. The creditor is …
102guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …
103guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …
104CONDITIONS — (Heb. תְּנָאִים, tena im). Definition Conditions is an ambiguous word inasmuch as it refers not only to the external factors upon which the existence of an agreement is made to depend but also to the actual terms of the contract itself. Thus, one …
105Balance of trade — Cumulative Current Account Balance 1980–2008 based on the International Monetary Fund data …
106Insolvency — means the inability to pay one s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a company to pay off its debts. Business insolvency is defined in two different ways: Cash flow insolvency Unable… …
107Credit limit — A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline). For example, it is the most that …
108Self-help (law) — Self help, in the sense of a legal doctrine, refers to individuals implementation of their rights without resorting to legal writ or consultation of higher authority, as where a financial institution repossesses a car on which they hold both the… …
109United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …
110Consumer bankruptcy in Canada — See also: Insolvency law of Canada Consumer bankruptcy in Canada is governed by the Bankruptcy and Insolvency Act ( BIA ). [1] The legislation is complemented by regulations, as well as directives from the Office of the Superintendent of… …
