Credit Report A written account of a consumer's credit history prepared by a credit reporting agency.
Creditor - A person to whom a debt is owed by another.
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Creditor definition:
A person to whom money, goods or services are owed by the debtor.
Related Terms: Debtor, Debt
A person to whom a debt or some other obligation is due.
CREDITOR - A person (or institution) to whom money is owed.
A creditor is someone who has a right to require the fulfilment of an obligation or contract.
Creditors may be divided into personal and real.
Creditor's Claim
It is a the claim by the person or organisation (creditor) who is suppose to get the money from another person or entity who may have decalred themselve bankrupt or any person who is dead. Such claim needs to be in writing.
Creditor: A person to whom money is owed.
Cross Reference Case: A separate case involving one parent in common, but in which there are other children from a different mother or father. Either parent can have cross reference cases.
The Fair Credit Reporting Act (FCRA) is a United States federal law (codified at 15 U.S.C. ยง 1681 et seq.) that regulates the collection, dissemination, and use of consumer information, including consumer credit information.
Full Faith And Credit Act: A legal principle requiring judges to recognize and enforce valid decrees and judgments issued by courts in other states.
Delayed Retirement Credits: Social Security benefits are increased (by a certain percentage depending on a person's date of birth) if retirement is delayed beyond full retirement age.
credits Reductions of tax liability allowed by Congress for various purposes.
Creditor -A person to whom a debt is owed by another.
Crime -An act in violation of the penal laws of a state or the United States. A positive or negative act in violation of penal law.
Creditor:
A person to whom money, goods or services are owed by the debtor.
That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and Insolvency Act.
CREDITOR: A person (or institution) to whom money is owed.
CROSS EXAMINATION: The questioning of an opposing party's witness about matters brought up during direct examination.
Credit bureau: A business that collects and sells information regarding the payment history and creditworthiness of persons and organizations.
CREDITOR: A person (or institution) to whom money is owed.
CRIME - A positive or negative act in violation of penal law; an offense against the state classified either as a felony or misdemeanor.
Credit Facilities
Discounts and advances gave the lie direct to the critics who averred that the assistance of the bankers to trade was not what it should be.
creditor: A person or business that is owed a debt (usually money). (See judgment creditor.) ...
Creditor's Remedies
The area of law dealing with the legal means and procedures to collect debts and judgments.
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creditor A person to whom a debt is owing by another person, called the debtor.
crime An activity dangerous to the whole of society, as determined by law.
creditor
n. a person or entity to whom a debt is owed.
creditor's claim
n.
Credit report
An account of your credit history, prepared by a credit bureau.
credit charges
Charges for which a consumer who enters into a credit contract will be liable in addition to the sum borrowed and any interest payable.
credit contract ...
Fair Credit Reporting Act (FCRA) - Federal law that requires that creditors refrain from reporting incorrect information to credit bureaus.
TO ACCREDIT, international law. The act by which a diplomatic agent is acknowledged by the government near which he is sent. This at once makes his public character known, and becomes his protection.
Credit
Definition - Noun
1 : See also recognition
see also full faith and credit
2 a : the balance in an account which may be drawn upon and repaid later
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Credit Report
An evaluation of a person's history or capacity of debt repayment.
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Fair Credit Reporting Act (FCRA)
A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report.
Fair Credit Reporting Act (FCRA)
Fair Debt Collection Practices Act
Fair Debt Collection Practices Act (FDCPA) ...
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OBLIGEE or CREDITOR
contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something.... more ...
judgment creditor - The party in whose favor a judgment has been rendered.
judgment debtor - The party against whom a judgment has been rendered.
Notice to creditors - A notice given by the bankruptcy court to all creditors of a meeting of creditors.
Nuncupative will - An oral (unwritten) will.
Visitation Credit: The percentage applied to a child support calculation. It reflects the amount of time a child resides with the non-custodial parent.
Visitation Schedule: A list of dates stating times each parent may see each child.
Full Faith and Credit
doctrine under which a State must honor an order or judgment entered in another State ...
full faith and credit: A requirement of the U.S. Constitution that the records and judicial proceedings of one state shall have the same effect in courts of other states with the same jurisdiction.
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Get a copy of your credit report.
Contact the fraud departments of each of the three major credit bureaus TransUnion, Equifax, and Experian. Ask them to put a fraud alert on your report so that credit cannot be obtained in your name.
impeach
v. 1) to discredit the testimony of a witness by proving that he/she has not told the truth or has been inconsistent, by introducing contrary evidence, ...
This term is often used in bankruptcy proceedings where creditors are said to be "pari passu" which means that they are all equal and that distribution of the assets will occur without preference between them.
Debtor A person who owes money, goods or services to another, the latter being referred to as the creditor.
stops, the rights of creditors to sue a person or company that’s filed for protection in the bankruptcy court. If a creditor can show his claim is based on a fraud or crime, i.e.
Pari passu: (Latin: with equal step) Often used in bankruptcy proceedings where creditors are said to rank pari passu, which means the assets are distributed without preference between them.
satisfaction of judgment - A document such as an execution enforced by the judgment creditor and indicating that the judgment has been paid.
under the Consumer Credit Act or Timeshare legislation).
Civil law
Concerned with the relationship between individuals.
Balance of Probabilities(see Burden of Proof)BankruptInsolvent and involved in a proceeding to become bankrupt or against whom a creditor has started a proceeding to put them into bankruptcy.
in law, device for protecting a creditor by giving him an interest in property of his debtor. In common law a mortgage was a conditional sale; i.e.
A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness.
Sub prime loans are typically offered to persons with poor credit histories or those with a lack of credit history, and they carry a higher rate of interest than prime loans to compensate the lender for increased credit risk.
A trader who secretes himself, or does certain other acts tending to defraud his creditors. 2 Bl. Com. 285, 471. See Trader.
A legally declared inability of an individual or organization to pay their creditors. A legal proceeding that relieves you of the responsibility of paying your debts or provides you with protection while attempting to repay your debts.
a security interest against a vessel to secure the claim of a creditor who provided services to the vessel and was injured.
A measure of the cost of credit, expressed as a yearly rate. It includes interest as well as other charges.
Property in bankruptcy usually is administered for the benefit of the bankrupt person's creditors. Some forms of bankruptcy seek to discharge all debt if there are no assets to distribute to the creditors.
garnishment - a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay the debt to the creditor.
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Term: Subordination Agreement
Definition: An agreement establishing the priority of payment of claims, whereby a creditor may agree that claims of other creditors are discharged before payment is made to the subordinated creditor.
pignus - a pledge by which a creditor obtained possession of property. Ownership remained with the debtor, but the creditor had certain rights upon default.
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Truth in lending - Statutes which provide that precise and meaningful cost of credit information be provided to the credit customer.
Lots of free legal forms
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Under a Chapter 13 bankruptcy, the debtor's repayment obligations are restructured under a plan approved by the bankruptcy court. Creditors cannot seek repayment outside of what the plan provides. The debtor is restricted in obtaining new credit.
Writ of garnishment - An order of the court whereby property, money, or credits int he possession of another person may be seized and applied to pay a debtor's debt.
In bankruptcy proceedings, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
Secured signature bond
A signature bond secured by mortgage or real property.
 See also: Law, State, Person, Information, Court
  
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