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Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
bagman: a person or paymaster designated to collect or distribute illicitly gained money. barone: a baron or landlord. [3] books, the: a phrase indicating membership in the family. If there is a possibility for membership, then the books are open. If not, the books are closed. boss: the head of the family who runs the operation. [3]
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
Image source: Getty Images. Owing money on your credit card can be beyond frustrating, financially speaking. All the more so if you carry a high balance and pay a high interest rate. It may be ...
If you’re owed money by a deceased person, you can make a claim against the estate by submitting a written request for the estate to settle the outstanding debt.
What It Means To Live a Truly Rich Life and How To Achieve It ... Last updated: July 9, 2021. This article originally appeared on GOBankingRates.com: Someone Owe You Money? How To Get It Back ...
Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor.Debt may be owed by a sovereign state or country, local government, company, or an individual.
The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him ...