consumer debt

consumer debt
consumer debt see debt

Merriam-Webster’s Dictionary of Law. . 1996.

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  • consumer debt — ➔ debt * * * consumer debt UK US noun [U] (also consumer indebtedness) ► ECONOMICS the amount of money owed by people for things they have bought but not yet paid for: »The Bank expressed concerns about the booming housing market and high levels… …   Financial and business terms

  • consumer debt — Debts incurred by an individual for primarily personal, family or household purposes. Taxes are not consumer debts; neither are business loans. The means test only applies to those with consumer debt. (Bankruptcy in Brief) Used to describe debts… …   Glossary of Bankruptcy

  • Consumer debt — Finance Financial markets Bond market …   Wikipedia

  • Consumer Debt — Debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate. Possessing high levels of consumer debt is not typically beneficial for the average individual because it increases the strain on one s sources of… …   Investment dictionary

  • Consumer leverage ratio — is a term popularized by William Jarvis and Dr. Ian C MacMillan in a series of articles in the Harvard Business Review and refers to the ratio of total household debt, as reported by the Federal Reserve System to disposable personal income, as… …   Wikipedia

  • Debt relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… …   Wikipedia

  • Debt restructuring — is a process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it… …   Wikipedia

  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • Debt evasion — is the intentional act of trying to avoid attempts by creditors to collect or pursue one s debt. At an elementary level, this includes the refusal to answer one s phone by screening one s calls or by ignoring mailed notices informing the debtor… …   Wikipedia

  • Consumer finance — in the most basic sense of the word refers to any kind of lending to consumers. However, in the United States financial services industry, the term consumer finance often refers to a particular type of business, sub prime branch lending (that is… …   Wikipedia

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