Examlex
Under a direct depositsystem the bank will make an automatic debit from your bank account and have the funds transferred periodically to an investment account.
Auction
A public sale in which goods or property are sold to the highest bidder.
Creditor
A party or institution to whom money is owed.
Default
The failure to fulfill an obligation, especially the failure to make payments on a loan.
Exempt Property
Assets that cannot be seized by creditors to satisfy a debt, as defined by law.
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