The bottom floor. In general usage, the start of something, usually a venture where one can buy into an opportunity before it increases in value and becomes prohibitive to enter. … [Read more...]

contracts. He lo whom a guaranty is made. 2. The guarantee is entitled to receive payment, in the first place, from the debtor, and, secondly, from the guarantor. He must be careful not to give time beyond that stipulated in the original agreement, to the debtor, without the consent of the guarantor; the guarantee should, at the instance of the guarantor, bring an action … [Read more...]

The total income that a person or business derives from all sources prior to being reduced by allowable deductions, exemptions and other adjustments. … [Read more...]

An attorney misconduct which act may subject the attorney to having his or her legal license suspended or permanently revoked. … [Read more...]

A loan that is guaranteed by another entity or agency, such as a student loan where the government guarantees payment in the case of default by the person or party receiving the loan. … [Read more...]