Examlex
Simplify by combining like terms.
Default
A failure to fulfill a legal obligation or agreement, such as not making a scheduled loan payment on time.
Bankruptcy Abuse Prevention and Consumer Protection Act
A law enacted in 2005 aimed at reforming the bankruptcy system, making it more difficult for individuals to file for Chapter 7 bankruptcy and encouraging Chapter 13 filings.
BAPCPA
The Bankruptcy Abuse Prevention and Consumer Protection Act is a law enacted in 2005 to reform the bankruptcy system in the United States.
Chattel Paper
A document or record that signifies both a monetary obligation and a security interest in or lease of specific goods.
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