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Pledge :: Pledge (n.) The transfer of possession of personal property from a debtor to a creditor as security for a debt or engagement; also, the contract created between the debtor and creditor by a thing being so delivered or deposited, forming a species of bailment; also, that which is so delivered or deposited; something put in pawn..

Debtor :: Debtor (n.) One who owes a debt; one who is indebted; -- correlative to creditor.

Delegation :: Delegation (n.) A kind of novation by which a debtor, to be liberated from his creditor, gives him a third person, who becomes obliged in his stead to the creditor, or to the person appointed by him..

Joint :: "Joint (a.) United, joined, or sharing with another or with others; not solitary in interest or action; holding in common with an associate, or with associates; acting together; as, joint heir; joint creditor; joint debtor, etc..

Secure :: Secure (v. t.) To put beyond hazard of losing or of not receiving; to make certain; to assure; to insure; -- frequently with against or from, rarely with of; as, to secure a creditor against loss; to secure a debt by a mortgage..

Debtee :: Debtee (n.) One to whom a debt is due; creditor; -- correlative to debtor.

Cession :: Cession (n.) The voluntary surrender of a person's effects to his creditors to avoid imprisonment.

Bolt :: Bolt (v. i.) A sudden flight, as to escape creditors..

Bill :: Bill (n.) An account of goods sold, services rendered, or work done, with the price or charge; a statement of a creditor's claim, in gross or by items; as, a grocer's bill..

Hypothecation :: Hypothecation (n.) The act or contract by which property is hypothecated; a right which a creditor has in or to the property of his debtor, in virtue of which he may cause it to be sold and the price appropriated in payment of his debt. This is a right in the thing, or jus in re..

Assets :: Assets (n. pl.) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend..

Compensation :: Compensation (n.) The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.

Appropriation :: Appropriation (n.) The application of payment of money by a debtor to his creditor, to one of several debts which are due from the former to the latter..

Assign :: Assign (v. t.) To transfer, or make over to another, esp. to transfer to, and vest in, certain persons, called assignees, for the benefit of creditors..

Satisfy :: Satisfy (a.) To pay to the extent of claims or deserts; to give what is due to; as, to satisfy a creditor..

Garnishee :: Garnishee (n.) One who is garnished; a person upon whom garnishment has been served in a suit by a creditor against a debtor, such person holding property belonging to the debtor, or owing him money..

Discharge :: Discharge (v. t.) To send away (a creditor) satisfied by payment; to pay one's debt or obligation to.

Extent :: Extent (n.) A process of execution by which the lands and goods of a debtor are valued and delivered to the creditor.

Trustee :: Trustee (v. t.) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor..

Bilk :: Bilk (v. t.) To frustrate or disappoint; to deceive or defraud, by nonfulfillment of engagement; to leave in the lurch; to give the slip to; as, to bilk a creditor..

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