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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..

Subrotund :: Subrogation (n.) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor..

Assignee :: Assignee (v.) In England, the persons appointed, under a commission of bankruptcy, to manage the estate of a bankrupt for the benefit of his creditors..

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..

Bilk :: Bilk (n.) A person who tricks a creditor; an untrustworthy, tricky person..

Readjuster :: Readjuster (n.) One who, or that which, readjusts; in some of the States of the United States, one who advocates a refunding, and sometimes a partial repudiation, of the State debt without the consent of the State's creditors..

Settle :: Settle (v. i.) To adjust differences or accounts; to come to an agreement; as, he has settled with his creditors..

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

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

Demand :: Demand (v. t.) The act of demanding; an asking with authority; a peremptory urging of a claim; a claiming or challenging as due; requisition; as, the demand of a creditor; a note payable on demand..

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..

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.

Apprizer :: Apprizer (n.) A creditor for whom an appraisal is made.

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..

Discreditor :: Discreditor (n.) One who discredits.

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..

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..

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

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

Creditor :: Creditor (n.) One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor..

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