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.…
Usury GRE Vocabulary Flashcard /ˈjuː.zjʊ.ri/ (noun) the practice of lending someone money on this condition that they should give back much more money as the interest, lending at exorbitant interest, exorbitant interest, loaning, extortion, moneylending, overcharging, daylight robbery, interest, loan-sharking Usury is the practice of making unethical or immoral monetary loans that unfairly enrich the…
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
Underwrite 1100 Words You Need Underwrite 1100 Words You Need /ˌʌn.dəˈraɪt/ (verb) agree to finance, give financial support, agree to provide funds, guarantee financially, endorse, fund, finance, subsidize, agree to buy unsold securities, lend support to someone or something: Prior to requesting a loan guarantee, the lender must underwrite and approve the loan. The underwriting…