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2. Peppercorn (law) - Wikipedia

   en.wikipedia.org/wiki/Peppercorn_(law)

   Peppercorn payments are sometimes used when selling a struggling company whose net worth may be negative. If some party agrees to take it over and assume its liabilities as well as its assets, the seller may actually agree to make a large payment to the buyer. But the buyer must still make some payment, however small, for the company in order ...

3. Collateral contract - Wikipedia

   en.wikipedia.org/wiki/Collateral_contract

   A theory sustains that is feasible to typify letter of credit as a collateral contract for a third-party beneficiary because letters of credit are prompted by the buyer’s necessity and in application of the theory of Jean Domat the cause of a letter of credit is that a bank issue a credit in favor of a seller to release the buyer of his ...

4. Set-off (law) - Wikipedia

   en.wikipedia.org/wiki/Set-off_(law)

   In law, set-off or netting is a legal technique applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. [1] [2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. [3]

5. Loss payee clause - Wikipedia

   en.wikipedia.org/wiki/Loss_payee_clause

   A loss payee clause (or loss payable clause) is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy.

6. How to tell if debt settlement is a good idea for you - AOL

   www.aol.com/finance/tell-debt-settlement-good...

   In some cases, a debt settlement and its circumstances, such as missed payments and charged-off debt, can lead to a more than 100-point decrease in your credit score. The negative marks may remain ...

7. Verizon settlement: Here's how much some customers are getting

   www.aol.com/verizon-settlement-payments...

   Verizon settlement payments have started hitting customers' bank accounts as part of a $100 million resolution of a class-action lawsuit.. Eligible customers had until April 15 to claim their ...