absolute-bar rule
The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment.
For example:
The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment.
For example:
Depreciation is the reduced value of something over time. Accelerated depreciation is any loss of value where the business depreciates (i.e., accounts for the value loss of a fixed asset in tax filings) at a greater proportion of an asset’s expected lifetime value loss earlier in its life.
Accelerated filer is a class of reporting company which has shorter deadlines to file their periodic reports.
An acceleration clause is a term in a contract (typically a loan agreement) that requires a party to make all payments due under the contract if certain conditions occur. An acceleration clause is typic
To accept means to receive something with approval (i.e., consent). This usually arises in the context of accepting a payment that is late or not complete, or accepting delivery of legal papers (acceptance of service).
Acceptance means to assent to the terms of an offer. Some common uses of the term “acceptance” in a legal sense include:
An accommodation originally meant a loan or other financial favor. An accommodation more commonly means providing assistance or convenience for a person, and the practice of modifying objects and situations to their benefit or needs.
Accord broadly means agreement but has several specific legal uses.