What Did Tocqueville Mean When He Said That in Democratic

question 36

Short Answer

What did Tocqueville mean when he said that in democratic nations all citizens are "independent and feeble"?

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Definitions:

Collateral

Property or assets that a borrower offers to a lender as security for a loan. If the borrower defaults, the lender may seize the collateral to recoup its losses.

Automatic Stay

A legal provision that halts actions by creditors to collect debts from a debtor who has declared bankruptcy, giving the debtor temporary relief.

Chapter 7

A type of bankruptcy that involves the liquidation of a debtor's non-exempt assets by a trustee to pay creditors.

Secured Creditors

Creditors who have a legal right to seize specific assets of the debtor if the debtor fails to repay the debt as agreed.