The plan of a debtor to pay off a debt or obtain loan forgiveness, usually done to avoid bankruptcy or foreclosure proceedings. … [Read more...]
WORKOUT
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The plan of a debtor to pay off a debt or obtain loan forgiveness, usually done to avoid bankruptcy or foreclosure proceedings. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
See workers compensation. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
One who labors, one who is employed to do business for another. 2. The obligations of a workman are to perform the work he has undertaken to do; to do it in proper time; to do it well to employ the things furnished him according to his contract. 3. His rights, are to be paid what his work is worth, or what it deserves; to have all the facilities which the employer can give him … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
In settling laydays, or days of demurrage, sometimes the contract specifies working days in the computation, Sundays and custom-house holidays are excluded. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
A place where convicts (or paupers) are confined and kept at labor. … [Read more...]