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...
commercial law
Debtor and Creditor
debtor and creditor: an overview
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...