Examlex
When telling a story during a presentation, it is best to avoid describing hurdles that your character must overcome, to avoid souring the mood.
Bankruptcy
The process by which an insolvent person voluntarily or involuntarily transfers assets to a trustee for distribution to creditors.
Builder's Lien Act
Legislation that gives builders and contractors a right to secure payment for labor and materials through a lien on the property they have worked on.
Attachment
Under the Personal Property Security Act, the situation in which value has been given pursuant to the contract, giving the creditor a claim against the assets used as security if there is a default by the debtor.
Purchase Money Security Interest
A legal claim or lien on collateral provided by a borrower to secure a loan used to purchase the collateral.
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