Refer to Map 17

question 80

Essay

Refer to Map 17.2, and discuss how European claims in the North American colonies changed by the end of the eighteenth century. What countries were gaining and losing colonial territory? Why?

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Definitions:

Equity

The fair and impartial treatment in justice or the value of ownership interest in a property after debts are subtracted.

Means Test

A method for determining eligibility for certain types of financial assistance based on the individual's income and assets.

Median Income

The middle value of income in a given population, wherein half of the population earns more and half earns less.

Chapter 7 Bankruptcy

A provision of bankruptcy law that allows individuals and businesses to discharge their debts by liquidating assets, providing a fresh start.