Ballentine's law dictionary. Anderson, W.S.. 1998.
assets — The property of a natural person or a corporation, real or personal, corporeal or incorporeal, especially property which is subject to seizure under and sale under process for payment of debts. See admitted assets; assets of a debtor; assets of a … Ballentine's law dictionary
debtor in possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… … Glossary of Bankruptcy
debtor-in-possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… … Glossary of Bankruptcy
assets — are every form of property that the debtor owns. They include such intangible things as business goodwill; the right to sue someone; or stock options. The debtor must disclose all of his assets in the bankruptcy schedules; exemptions remove the… … Glossary of Bankruptcy
Debtor finance — is a generic description of a funding process, based on the value of a business accounts receivable ledger. Debtor finance is also marketed as invoice discounting, factoring, cashflow finance, asset finance, invoice finance and working capital… … Wikipedia
debtor-in-possession — (DIP) USA The debtor in a Chapter 11 case who remains in possession and control of its assets and business operations, unless replaced by a Chapter 11 trustee. Practical Law Dictionary. Glossary of UK, US and international legal terms.… … Law dictionary
Assets — As sets, n. pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. ? enough, Goth. saps full. Cf. {Assai}, {Satisfy}.] 1. (Law) (a) Property of a deceased person, subject by law to the payment of his debts and legacies; called assets… … The Collaborative International Dictionary of English
debtor — a person or business who owes money (1) A party who owes money or other performance to another party. Under the UCC, debtor includes the seller of accounts or chattel paper. (2) For the purposes of UCC provisions dealing with collateral, debtor… … Financial and business terms
debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… … Black's law dictionary
debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… … Black's law dictionary
