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An act of the national legislature, in which a state of war is declared to exist between the United States and some other nation. 2. This power is vested in congress by the constitution, art. 1, s. 8. There is no form or ceremony necessary, except the passage of the act. A manifesto, stating the causes of the war, is usually published, but war exists as soon as the act takes … [Read more...] about DECLARATION OF WAR

A person working in the collections department of a company to whom a debt is owed or also an employee of a collection agency hired to find and collect money from debtors. … [Read more...] about DEBT COLLECTOR

This word is frequently used for a deceased person, testate or intestate. A deceased person; one who has lately died. Etymologically the word denotes a person who is dying, but It has come to be used in law as signifying any defunct person, (testate or intestate,) but always with reference to the settlement of his estate or the execution of his will … [Read more...] about DECEDENT

The combination of several debts into one account. … [Read more...] about DEBT CONSOLIDATION

When a debtor is permitted to write off a debt by a creditor, usually so that the debtor can restructure and provide future benefits to the creditor or as a compromise or settlement agreement. … [Read more...] about DEBT FORGIVENESS