USA Law

Tag: Debt

  • Holder In Due Course

    Holder In Due Course in United States Practical Information Note: Some of this information was last updated in 1982The transferee of a negotiable instrument (in U.S. law) who acquires the instrument under the following conditions: (1) The paper must be complete and regular on its face. (2) It […]

  • House Agency

    House Agency in United States Practical Information Note: Some of this information was last updated in 1982A fictional collection establishment created by a creditor to convey the impression that it is an independent and bona fide collection agency (in U.S. law). It is but a name and address […]

  • Deferred Payments

    Deferred Payments in United States Practical Information Note: Some of this information was last updated in 1982Payments extended over a specified period; put off to a future date. (Installment payments are a series of equal deferred payments.) See also installment contract (in U.S. […]

  • Collection Letters

    Collection Letters in United States Practical Information Note: Some of this information was last updated in 1982Correspondence sent to a debtor with the purpose of collecting the debt.(Revised by Ann De Vries) What is Collection Letters? For a meaning of it, read Collection Letters in the […]

  • Collateral

    Collateral in United States Collateral Definition (Lat. con, with, latus, the side). That which is by the side, and not the direct line; that which is additional to or beyond a thing. Collateral in Foreign Legal Encyclopedias LinkDescription Collateral, Collateral in the World Legal […]

  • Collection Agency

    Collection Agency in United States Plain-English Law Collection Agency as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):A company hired by a creditor to collect a debt. Practical Information Note: Some of this information was last updated in 1982A firm specializing in collecting […]

  • Chose In Action

    Chose In Action in United States Practical Information Note: Some of this information was last updated in 1982A right to receive or recover a debt or damages (in U.S. law) in an action on a contract (in U.S. law) or in a tort (in U.S. law) action. A chose in action is intangible personal […]

  • Bottomry Loan

    Bottomry Loan in United States Practical Information Note: Some of this information was last updated in 1982A loan made to the owner or master of a ship, usually in a foreign port in cases of emergency, for which the ship itself is pledged as security. The development of modern means of […]

  • Bond Issue

    Bond Issue in United States Practical Information Note: Some of this information was last updated in 1982A method of raising funds through issuance of a large number of similar bonds, all of which are covered by a trust indenture or deed of trust (in U.S. law) that sets forth the obligations […]

  • Allonge

    Allonge in United States Allonge Definition (Ft.) A piece of paper annexed to a bill of exchange or promissory note, on which to write indorsements for which there is no room on the instrument itself. Pardessus, note 343; Story, Prom, Notes, §1 121, 151. Allonge in Foreign Legal […]

  • Accommodation Maker

    Accommodation Maker in United States Practical Information Note: Some of this information was last updated in 1982One who signs a note or other obligation as a favor without compensation. The accommodation maker, as surety, remains liable for the note but receives no consideration. The […]

  • Defeneration

    Defeneration in United States Defeneration, Money On Usury Definition The act of lending (This definition of Defeneration, Money On Usury Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread). Usury in 1889 The following information about Usury is from the […]

  • Debt Relief

    Debt Relief in the United States Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth. The Mortgage Debt Relief Act of 2007 The Mortgage Forgiveness Debt Relief Act of 2007 has made it possible for you to avoid paying income tax on […]

  • Fair Debt Collection Practices Act

    Fair Debt Collection Practices Act in the United States Fair Debt Collection Practices Act and the Statute of Limitations by Cameron Scott As lawsuits from collection agencies have skyrocketed, so have Fair Debt Collection Practices Act cases. A flood of people are seeking legal help […]