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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.

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..

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..

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

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

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

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..

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

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..

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..

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..

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

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..

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

Peon :: Peon (n.) A day laborer; a servant; especially, in some of the Spanish American countries, debtor held by his creditor in a form of qualified servitude, to work out a debt..

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

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..

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..

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