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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.

Extension :: Extension (v. t.) A written engagement on the part of a creditor, allowing a debtor further time to pay a debt..

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..

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..

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

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

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..

Hypotheca :: Hypotheca (n.) An obligation by which property of a debtor was made over to his creditor in security of his debt.

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

Creditrix :: Creditrix (n.) A female creditor.

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..

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..

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..

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..

Assignment :: Assignment (n.) The transfer of the property of a bankrupt to certain persons called assignees, in whom it is vested for the benefit of creditors..

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..

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

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

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

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..

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