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Assumpsit ("he has undertaken", from Latin, assumere), [1] or more fully, action in assumpsit, was a form of action at common law used to enforce what are now called obligations arising in tort and contract; and in some common law jurisdictions, unjust enrichment.
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.
Cov-lite (or "covenant light") is financial jargon for loan agreements that do not contain the usual protective covenants for the benefit of the lending party. Although traditionally banks have insisted on a wide range of covenants that allow them to intervene if the financial position of the borrower or the value of underlying assets deteriorates, around 2006 the increasing strength of ...
Dialogic Eliminates Debt-Related Covenants Through 2013 Secures additional $4.5 million debt financing MILPITAS, Calif.--(BUSINESS WIRE)-- Dialogic Inc. (NAS: DLGC) , the Network Fuel™ company ...
Credit risk is the possibility of losing a lender holds due to a risk of default on a debt that may arise from a borrower failing to make required payments. [1] In the first resort, the risk is that of the lender and includes lost principal and interest , disruption to cash flows , and increased collection costs .
Credit card debt has soared throughout 2022 as consumers are shying away from cash-on-hand in order to foot the bill of inflation.. Data from the Federal Reserve Bank of New York showed a $312 ...
Image credits: teddimellencamp #15 Teresa Giudice’s Husband Was Accused Of Cheating By A House Of Villains Costar. Things got real messy on reality show House of Villains back in November.
Glanvill described one action which had features of both debt and detinue. They were the same. In his time, the form of the writ was a demand for a sum of money which could be issued for various reasons. "Debt" or detinue could be demanded for return of the loan of money, the price of sale, the loan of a chattel, letting to hire, or a deposit.