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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 rationale for the English rule is that a litigant (whether bringing a claim or defending a claim) is entitled to legal representation and, if successful, should not be left out of pocket by reason of their own legal fees. It should be borne in mind that, in virtually all English civil litigation, damages are merely compensatory.
The proper name Γεράνα is a modified spelling of γέρανος, which is the Ancient Greek word for crane. [2] It derives from the Proto-Indo-European root *gerh 2-en-/-eu-, meaning the same thing; cognate with the English word 'crane.' [3] It seems to be attested in Mycenaean Greek in the dative plural form gerenai (Linear B: 𐀐𐀩𐀙𐀂, ke-re-na-i), though Beekes expressed some ...
The 1979 edition of the dictionary, with Patrick Hanks as editor and Laurence Urdang as editorial director, was the first British English dictionary to be typeset from the output from a computer database in a specified format. This meant that every aspect of an entry was handled by a different editor using different forms or templates.
Élisabeth Borne (born 1961), French politician; Étienne Borne (1907–1993), professor; François Borne (1840–1920), French flautist and composer; Guillaume Borne (born 1988), French footballer; Hal Borne (1911–2000), American song composer, orchestra leader, music arranger, and musical director; Lucien-Hubert Borne (1884–1954 ...
In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over ...
An out-of-pocket expense, or out-of-pocket cost (OOP), is the direct payment of money that may or may not be later reimbursed from a third-party source. For example, when operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for a trip.
In an insurance policy, the deductible (in British English, the excess) is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. [1] In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.