→ Bankruptcy Law Dictionary (Duhaime. Org) →开始学习 /下载MP3 Flashcards

问题		答案
Absolute Priority Rule 开始学习		The highest rank amongst creditors; he who gets paid in full before any other creditor.
Annulment 开始学习		To make void forever; to cancel an event or judicial proceeding both retroactively and for the future so that in the eyes of the law, it never occurred.
Automatic Stay 开始学习		In bankruptcy law; a stay of collection and other similar debt enforcement proceedings against a bankrupt.
Bank 开始学习		A corporation empowered to deal with cash, domestic and foreign, and to receive the deposits of money and to loan those monies to third-parties.
Bankrupt 开始学习		A person who has legally declared bankruptcy.
Bankruptcy 开始学习		The formal condition of an insolvent person being declared bankrupt under law.
Bankruptcy Trustee 开始学习		An officer generally appointed by the court, who takes over the assets of a bankrupt to the benefit of creditors.
Co-debtor 开始学习		One of two or more debtors who are primarily liable to the same debt.
Co-debtor Stay 开始学习		A stay upon the debt enforcement or collection upon a co-debtor.
Consumer Debt 开始学习		Debt incurred by an individual primarily for a personal, family, or household purpose.
Consumer Debtor 开始学习		A term of bankruptcy law designating debtors who have debts under a prescribed amount.
Consumer Proposal 开始学习		A summary form of bankruptcy for qualified individuals.
Cramdown 开始学习		In a bankruptcy proceeding, forcing a secured creditor to lose his collateral and instead to take a specified cash payment.
Creditor 开始学习		A person to whom money, goods or services are owed by the debtor.
Debt 开始学习		An amount of money due and payable, from one person to another.
Debtor 开始学习		A person who owes money, goods or services to another, the latter being referred to as the creditor.
Foreclosure 开始学习		The sale of real property secured by a mortgage, in order to satisfy an outstanding loan.
Insolvent 开始学习		A person not able to pay his or her debts as they become due.
Liquidation 开始学习		The converting of the the assets of a person into cash.
Personal Living Expenses 开始学习		Expenses reasonably necessary to maintain health and well-being, to enjoy life's activities, and the capacity to earn money.
Personal Use 开始学习		Non-business use.
Stay 开始学习		To stop; to suspend; also known as a stay of proceedings; when a law suit is suspended either indefinitely or until the occurrence of a condition imposed by the court.
Substantial Abuse 开始学习		A term of American bankruptcy law which precludes a debtor from availing him or herself of bankruptcy protection.
Tax 开始学习		A payment to a public authority, required by statute, for a public purpose.

Bankruptcy Law Dictionary (Duhaime. org)

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