n
(law) The reduction of the proceeds of a will, when the debts have not yet been satisfied; the reduction of taxes due.
n
(property law) Any structural change made to an estate in land that intentionally or negligently causes harm to the estate or depletes its resources, unless this depletion is a continuation of a pre-existing use.
n
(law) A non-statutory monetary penalty or forfeiture, usually applied at the discretion of a court.
n
An item that is in arrears, as periodic payments on a debt or for taxes.
n
An overdue payment from a debtor to a creditor on money owed.
n
(UK, law, obsolete) A trader who secretes himself, or does certain other acts tending to defraud his creditors.
n
(finance, law) A legally declared or recognized condition of insolvency of a person or organization.
n
(US, finance, law) A type of bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States, conferring protection from creditors.
n
(accounting) An expense incurred precautionarily for a use that may not occur such as an event of damage or a change order.
n
(law) Under the common law, the tort of the taking of someone's personal property with intent to permanently deprive them of it, or damaging property to the extent that the owner is deprived of the utility of that property, thus making the tortfeasor liable for the entire value of the property.
n
A negative consequence or loss that occurs or is required to occur.
n
(law) A requirement that certain creditors accept a plan of reorganization in a Chapter 11 bankruptcy restructuring.
adj
defaulting on one's debts
adj
indebted; under obligation
n
(law) The deliberate or negligent surrender of all rights to property.
n
(law) The act of cancelling part of a claim by deducting a smaller claim which the claimant owes to the defendant.
adj
(accounting) Whose value is not realized until a future date: e.g. annuities, charges, taxes, and income, either as an asset or liability.
adj
Late or failing to pay a debt or other financial obligation, like a mortgage or loan.
n
(in the plural) Money paid at the end of an incumbency by the incumbent or his heirs for the purpose of putting the parsonage etc. in good repair for the succeeding incumbent.
n
(economics) A financial drawback or cost arising from a process
v
(transitive) To ask or beset a debtor for payment.
n
One employed in soliciting the payment of debts.
n
(European law) A tort relating to the right to repatriation within a national legal system for breaches of directly applicable European Union law..
v
(insurance, lease etc.) To reach the date for renewal.
n
A fee levied as punishment for breaking the law.
n
(law) A legal action whereby a person loses all interest in the forfeit property.
adj
Owing more than one has in assets.
n
The accumulation of negative energy resulting from misdeeds in one's past.
n
(law) Injury or an unfair imbalance in a commutative contract wherein the consideration is less than half of the market value, which then serves as a basis for the injured party to sue to rescind the agreement.
n
The postponement of payment of less important bills because of financial problems.
n
(law) Property that is found in such a state as to make it likely that the original owner unintentionally ceased to be in possession of the property, and would be unable to locate the property.
v
(intransitive, finance) To reach the date when payment is due.
n
The claim that financial surplus is success and debt is failure.
adj
(law, finance) Pertaining to delay of payment or fulfilment of an obligation.
n
(finance) The situation in which a property is worth less than its mortgage.
n
outstanding amounts; unpaid debts
v
(intransitive) To have debt; to be in debt.
n
(finance) A payment forfeited for an early withdrawal from an account or an investment.
n
(insurance) An event which causes a loss, or the risk of a specific such event.
n
(finance, banking) A filing for bankruptcy by submitting to the court a virtually complete plan designed to avoid a protracted court-guided period of reorganization and debt restructuring.
n
A renunciation of claims.
n
(finance) A default on a mortgage which has already been modified due to borrower hardship
n
(obsolete) Money owed; overdue payment.
n
The amount of risk that an investor or other entity is willing to accept in pursuit of a return.
n
Tendency of a decision-maker to prefer a certain payoff to one of greater expected value but more uncertainty.
n
(business) All the risks that could affect an entity.
n
(law) An agreement legalizing such an arrangement.
n
(economics) That portion of the public sector deficit which exists even when the economy is at potential. Government spending beyond government revenues at times of normal, predictable economic activity, as opposed to a cyclical deficit.
n
(economics) A cost that has already been incurred and which cannot be recovered to any significant degree.
n
Loss or damage incurred through a disaster.
n
(accounting) An insured item of which the entire value is written off
adj
(finance) Having negative equity; owing more on an asset than its market value.
n
The interest paid on a borrowed sum, usury.
n
(law) A cause of action which may be brought by the owner of a future interest in property against the current owner of that property to prevent the current owner from degrading the value or character of the property, either intentionally or through neglect.
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