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To create credit scores, credit bureaus rely on a model created called the BEACON score.
Judgment
A formal decision or conclusion made by a court following a legal proceeding, which determines the outcome of the case.
Statement of Defence
A document filed in court by the defendant, outlining their defense and responding to the allegations made in the statement of claim.
Offer to Settle
A proposal made by one party to another during litigation to resolve the dispute outside of court, usually involving some form of compensation.
Counterclaim
A statement of claim by the defendant alleging that the plaintiff is responsible for the losses suffered and claiming back against the plaintiff for those losses.
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