Examlex
Advances in mathematics and careful observations of nature made the Mesopotamians sophisticated practitioners of:
Chapter 7
A provision in the United States bankruptcy code allowing for the liquidation of a debtor's assets to pay off creditors.
Secured Creditors
Creditors who have a legal claim to a debtor's assets as collateral for a debt, giving them a priority position over unsecured creditors in case of bankruptcy.
Liquidation Bankruptcy
A bankruptcy procedure where a debtor's assets are sold off to pay creditors, typically under Chapter 7 in the United States.
Savings and Loan Association
A financial institution that specializes in accepting savings deposits and making mortgage and other loans.
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