MLchartDataset catalogue

Debt

Term · Law · MLC-T-LAW-001485

An obligation owed by one party (the debtor) to another (the creditor), typically consisting of money, goods, or services. This obligation arises from a past transaction, such as a loan or the purchase of goods on credit. Legal remedies exist for creditors to recover debts, including lawsuits and collection actions.

Table 1. Record
IdentifierMLC-T-LAW-001485
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001485",
  "term": "Debt",
  "field": "Law",
  "definition": "An obligation owed by one party (the debtor) to another (the creditor), typically consisting of money, goods, or services. This obligation arises from a past transaction, such as a loan or the purchase of goods on credit. Legal remedies exist for creditors to recover debts, including lawsuits and collection actions.",
  "url": "https://mlchart.com/terminology/law/debt/"
}

Record 1,348 of 5,445 in Law terminology (MLC-0107). Request the full dataset.