commercial law

Debtor and Creditor

debtor and creditor: an overview

Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. There are three types of creditors. First are those who have a lien against a particular piece of property. This...

Default

Borrowers default when they breach a term of their loan agreement. For example, a home owner might go into default by failing to make scheduled mortgage payments.

This entry refers to defaults in a debtor and creditor context. For defaults in a...

Deposit Account

A current account, savings account, or other type of bank account at a banking institution that allows account holders to deposit and withdraw money. These are not considered to be accounts under the Uniform Commercial Code, Article 9.

Depreciable Asset

A type of physical asset that is capable of depreciation treatment. It is generally an asset used for generating income or profit and has the useful life of more than a year and gradually reduces in value over time.

Derivative

A financial instrument whose value depends on the market value of some underlying asset. The parties to a derivative contract essentially make a bet on the value of the underlying asset. Depending on the change in value for the underlying asset, one...

Dual Use Item

A dual use item is a commodity that has both commercial and military or proliferation applications. This term is most often used in the context of the Commerce Control List (CCL) found in Supplement 1 to Part 774 of the Export Administration...

Economic Espionage

In general terms, economic espionage is the unlawful or clandestine targeting or acquisition of sensitive financial, trade or economic policy information; proprietary economic information; or technological information.

The Economic Espionage Act...

Electronic Signature

Definition from Nolo’s Plain-English Law DictionaryA paperless method of entering into an electronic contract. Under the Electronic Signatures Act, enacted in 2000, electronic contracts (with a few exceptions) are as enforceable as those executed on paper...

Endorse

See Endorsement.

Endorsement

1. The placement of a signature on the back of a negotiable instrument to transfer the instrument or acknowledge payment of a debt. Also spelled "indorsement."

2. The expression of support for an idea or product. Someone who endorses a...

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