Debtor-creditor law governs situations where one party, known as the debtor, is unable to pay a monetary debt to another, known as the creditor. Debtor-creditor law typically plays out through bankruptcy proceedings.
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ACADEMIC TOPICS
debtor in possession
A debtor in possession (DIP) is an individual or corporation that has filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code and holds property or assets which can be used to satisfy creditor claims. The debtor in possession...
deceit
Deceit is most commonly seen as the key element of the tort of fraud. Though primarily a common law concept, deceit is sometimes defined by states in either criminal or civil statutes. For example:
In New Jersey, "The term 'deceive'...decide
To decide is to determine an issue or issues; to reach a decision on a legal issue or issues.
[Last updated in July of 2021 by the Wex Definitions Team]
decision
In the legal context, a decision is a judicial determination of parties’ rights and obligations reached by a court based on facts and law. A decision can mean either the act of delivering a court’s order or the text of the court’s opinion...
declaration
A declaration is an official statement, or proclamation, such as an affidavit. If the person making the declaration (called the declarant) lies in it, the declarant may be guilty of perjury.
[Last updated in September of 2022 by the...
dedimus potestatum
Dedimus potestatem (which translates to “we have given the power”) is an outdated term that refers to some special authority granted to an individual by a court. In American law, the term means authority given to someone to depose a witness....
deduction
Deduction in tax law (referred to as a tax deductible) means an item or expense that can reduce the taxes a person owes in a given year. A deductible item is subtracted from the total taxable income which can substantially reduce taxes owed...
deep link
A deep link is a webpage link from one website to another website that bypasses the second website’s homepage and goes straight to an internal page on the second website. According to Adjust’s Mobile Marketing Glossary, the purpose of a deep...
default
A default is a failure to fulfill an obligation. Defaulting is most common in regards to debtor-creditor law and contract law. Typically, a default leads to judicial proceedings or triggers the application of a separate contract provision....