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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..

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..

Insolvent :: Insolvent (a.) Not solvent; not having sufficient estate to pay one's debts; unable to pay one's debts as they fall due, in the ordinary course of trade and business; as, in insolvent debtor..

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..

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

Fugitive :: Fugitive (a.) Fleeing from pursuit, danger, restraint, etc., escaping, from service, duty etc.; as, a fugitive solder; a fugitive slave; a fugitive debtor..

Recoverable :: Recoverable (a.) Capable of being recovered or regained; capable of being brought back to a former condition, as from sickness, misfortune, etc.; obtainable from a debtor or possessor; as, the debt is recoverable; goods lost or sunk in the ocean are not recoverable..

Extent :: Extent (n.) A peculiar species of execution upon debts due to the crown, under which the lands and goods of the debtor may be seized to secure payment..

Dun :: Dun (v. t. & i.) To ask or beset, as a debtor, for payment; to urge importunately..

Insolvent :: Insolvent (n.) One who is insolvent; as insolvent debtor; -- in England, before 1861, especially applied to persons not traders..

Assets :: Assets (n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts..

Abscond :: Abscond (v. i.) To depart clandestinely; to steal off and secrete one's self; -- used especially of persons who withdraw to avoid a legal process; as, an absconding debtor..

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

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.

Empower :: Empower (v. t.) To give authority to; to delegate power to; to commission; to authorize (having commonly a legal force); as, the Supreme Court is empowered to try and decide cases, civil or criminal; the attorney is empowered to sign an acquittance, and discharge the debtor..

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

Term :: Term (n.) A space of time granted to a debtor for discharging his obligation.

Debit :: Debit (v. t.) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold..

Discharge :: Discharge (v. t.) Act of relieving of something which oppresses or weighs upon one, as an obligation, liability, debt, accusation, etc.; acquittance; as, the discharge of a debtor..

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..

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