Examlex
The date on which stock options are no longer subject to forfeiture is called the vesting date.
Statement of Intention
A legal document declaring a debtor's plans regarding the handling of certain types of debts and assets in bankruptcy proceedings.
Secured
Pertaining to loans or debts backed by collateral, ensuring protection for the lender in case of default by the borrower.
Consumer Debts
Debts incurred for personal, as opposed to business, needs.
Secured Debt
A type of debt that is backed by collateral, providing the lender with a claim to the asset if the debt is not repaid.
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