Peonage definition and real examples with images and illustrations for advanced English learners. Improve your reading and listening comprehension with the word, peonage, from 601 Words You Need to Know to Pass Your Exam. /ˈpē-ə-nij/ (noun) Peonage definition a punishment system in which a debtor is forced to work for a creditor until the debt…
Definition of Lien as a legal term in legal context with images and illustrations for law students or advanced ESL learners with synonyms /liːn OR ˈliːən/ (noun) Definition a legal right to keep possession of another person’s property who is in debt as security until the debtor is able to pay off his debt or…
Amortize GRE Vocabulary Flashcard /əˈmɔː.taɪz/ (verb) Definition to reduce a debt by installments or paying small amounts of money regularly, pay off with regular payments, diminish by installment payments, redeem in small amounts and gradually, repay, remunerate, pay off, pay back Example An amortizing loan is a type of debt that requires regular monthly payments.…
Debtor Debtor (noun) /ˈdet.əʳ/ US /ˈdeţ.ɚ/ someone who owes money – borrower, mortgagor, insolvent: I spread myself too thin in order not to continue being a debtor. Noun: debt Adjective: debtless