Lender liability lawsuits


 

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Lender liability lawsuits

Legal 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 Matches

Joint and several liability

Joint and several liability

An 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.


Liability

Liability

An 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 Liability

Funded Liability

A source of funds that a firm must take overt action to arrange and that carries an interest cost.


Joint liability

Joint liability

The 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 liability

Noncurrent liability

A liability due in one year.


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Tax liability


 
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