Examlex
The following are all steps in an employee's training program except
Chapter 7
A provision of the bankruptcy code that provides for "liquidation," whereby a debtor's assets are distributed to creditors.
Repayment Plan
A structured schedule agreed upon for paying back borrowed money.
Security Interest
An official right or charge on property pledged as security, often for the purpose of loan repayment assurance.
Retail Installment
A payment plan that allows consumers to pay for goods or services over time, typically with interest, in retail transactions.
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