debtor-creditor — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… … Law dictionary
creditor — a person or business to whom money is owed. Glossary of Business Terms A party who is owed money by another party. American Banker Glossary lender of money. Bloomberg Financial Dictionary The party that receives assets from the debtor/originating … Financial and business terms
Creditor — Lender of money. The New York Times Financial Glossary * * * creditor cred‧i‧tor [ˈkredtə ǁ ər] noun 1. [countable] ACCOUNTING COMMERCE a person or business to whom another person or business owes money: • The company said its largest creditor… … Financial and business terms
consumer credit agreement — a consumer credit agreement is an agreement under which credit is extended to an individual. Those agreements that are regulated agreements cover extensions of credit up to a statutory limit. These include credit sales, hire purchase, secured and … Law dictionary
cancellation — can·cel·la·tion also can·cel·a·tion n 1: the act or an instance of cancelling 2: a mark made to cancel something (as a check) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the … Wikipedia
setoff — Where a creditor also owes money to a debtor, a setoff may be appropriate. If a debtor owes a supplier $10,000, but the supplier has purchased product from the debtor and owes the debtor $15,000, the creditor has a setoff which should allow it to … Glossary of Bankruptcy
claim — A right to payment (SA Bankruptcy.com) A right to payment, whether or not fixed, contingent, liquidated, disputed, or matured. (Bernstein s Dictionary of Bankruptcy Terminology) BAR DATE The date by which claims must be filed with the Bankruptcy… … Glossary of Bankruptcy
lien — / lēn/ n [Anglo French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind]: a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the… … Law dictionary
Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract … Wikipedia
