The chance that loss will occur due to a counterparty bankruptcy. … [Read more...] about BANKRUPTCY RISK
B
BANYAN
In East Indian law. A Hindoo merchant or shop keeper. The word Is used in Bengal to denote the native who manages the money concerns of a European, and sometimes serves him as an interpreter. … [Read more...] about BANYAN
BARGAINING POWER
The amount of leverage that a party has over another, how much power that party has to influence others into accept its terms of agreement. … [Read more...] about BARGAINING POWER
BARRACK
By this term, as used in Pennsylvania, is understood an erection of upright posts supporting a sliding roof, usually of thatch. … [Read more...] about BARRACK
BANKRUPTCY TRUSTEE
In a bankruptcy case, the court appoints a person to oversee and manage the estate of a consumer or assets of a business. The trustee in a consumer Chapter 7 case will typically identify, collect and liquidate the debtor's nonexempt property and eventually distribute it in a specified proportion to creditors. The trustee in a Chapter 13 will collect monthly payments from the … [Read more...] about BANKRUPTCY TRUSTEE