|
|
Lender liability lawsuits |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Lender liability lawsuitsLegal action of debtor against creditors that alleges unfair enforcement of loan covenants or violation of implied terms of a loan agreement.Lender liability lawsuits Similar MatchesJoint and several liabilityJoint and several liabilityAn undertaking by a group of two or more people to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations. For example if a group of four people enter into a joint and several liability on a bank loan, then in the event of two of the members reneging on their obligations the remaining two members become fully responsible for the repayment of the loan. LiabilityLiabilityAn amount that is owed, in contrast to an asset. A liability may result from borrowing, from obligation to pay for a product or service received, etc. Funded LiabilityFunded LiabilityA source of funds that a firm must take overt action to arrange and that carries an interest cost. Joint liabilityJoint liabilityThe legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually. Noncurrent liabilityNoncurrent liabilityA liability due in one year. Further SuggestionsUmbrella personal liability policyLimited liability instrument Unlimited liability Joint liability Liability insurance limited liability Limited liability umbrella personal liability insurance Contractual liability Contingent pension liability liability insurance Tax liability |
|
|
|