The absolute bar rule prohibits a creditor who disposes of collateral in a commercially unreasonable manner from obtaining a deficiency judgment.
For example:
§ 9-610 of the Uniform Commercial Code (UCC) codifies the...business law
abusive discharge
Abusive discharge is a terminated employee’s claim that their termination breached some public policy of the state. Abusive discharge claims are often brought when no claim for breach of contract or violation of a statute can be alleged....
accelerated depreciation
Accelerated depreciation is any method of depreciation where the business depreciates a greater proportion of an asset’s value earlier in its life. A common accelerated depreciation method is MACRS. Compare with straight-line depreciation...
accelerated filer
Accelerated filer is a class of reporting company which has shorter deadlines to file their periodic reports.
Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements that a company must satisfy to...
acceleration
Acceleration means the advancing of a loan agreement's maturity date so that payment of the entire debt is due immediately. In Analytical Surveys Inc. v. Tonga Partners, L.P., United States Court of Appeals, Second Circuit stated that “‘...
acceleration clause
An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions. An accelerated clause is typically invoked when the borrower materially breaches the loan agreement....
accept
Accept means to receive something with approval (i.e., consent) and intention to keep it. This use usually arises in the context of accepting a payment which is late or not complete, or accepting the service (delivery) of legal papers.
...acceptance
Acceptance means to assent to the terms of an offer. Some common uses of the term “acceptance” in a legal sense include:
In the context of contracts, acceptance refers to one person’s compliance with the terms of an offer made by...accession
Accession is prominent in two legal practice areas; trusts and estates, and secured transactions.
Accession in trusts and estates law are assets produced by a devised asset after the execution of a will. For example, ordinary...accommodation
An accommodation is a means of providing assistance or convenience for a person, and the practice of modifying objects and situations to the benefit or needs of another person. Originally, accommodation meant a loan or other financial favor....