A _____ Is a Certificate of Indebtedness and a _____

question 222

Short Answer

A _____ is a certificate of indebtedness and a _____ is a claim to partial ownership in a firm.

---

Definitions:

Bankruptcy Exemptions

Specific assets or types of property that the bankruptcy law allows an debtor to keep from creditors when filing for bankruptcy.

Claims Of Creditors

The legal rights of creditors to collect what is owed to them by a debtor.

Breach Of Peace

An act that disturbs public order or tranquility, such as fighting or causing a disturbance.

Repossession

The act of reclaiming ownership of property by a seller or lender from the buyer due to nonpayment or breach of terms.