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What describes any kind of money a creditor must accept by law in payment of a monetary debt?

Legal Tender


What do indentured servant and debtor have in common?

Both indentured servants and debtors owe a debt in the form of work or money. Indentured servants work off their debt through a contracted period of labor, often in exchange for passage to a new country. Debtors owe money that they have borrowed and must repay according to the terms of the loan agreement.


How do the courts make someone pay back money stolen from an estate?

The courts can order the individual to pay back the stolen money through a civil judgment, which legally obligates the person to repay the estate. If the individual refuses to comply with the court order, enforcement actions such as wage garnishment or seizure of assets may be used to recover the stolen funds on behalf of the estate.


Can you go to jail for not paying back an ace check cashing loan?

Failing to repay a loan from Ace Check Cashing could result in legal action and potential consequences, including collection efforts, damaging your credit score, and being sued by the company. However, you cannot be jailed for simply failing to repay a loan.


How much money do you need to pay for student loans and a scholarship for law school?

The total amount of money you need to pay will depend on the specific terms of your student loans and scholarship. Typically, scholarships do not need to be repaid, but you will need to repay the amount of money borrowed for student loans according to the agreed-upon terms, such as interest rate and repayment period. Be sure to carefully review the terms of both your scholarship and student loans to understand the financial obligations.

Related Questions

What does reimburse mean?

1. Repay (a person who has spent or lost money). 2. Repay (a sum of money that has been spent or lost).


Can daughter because she took care of sick father make brothers repay 40000 to the estate if these were loans?

The daughter cannot demand the money, but the executor of the estate can. This sounds like a good time for a non family member to be the executor. The loans are a part of the assets of the estate.


To pay back money that is owned?

REPAY


How do most students repay their loans?

With money.


How would you use the word repay in a sentence?

If you borrow money, you should repay who you borrowed it from to avoid debts.


Do I have to repay this Grant Money for Home Repair?

No you do not have to repay this GRANT Money for HOME REPAIRS? You only have to submit what your repairs are and if they meet the specific needs to qualify for the GRANT.


What is the term for taking money with no intent to repay?

Stealing


A close friend of the family loaned you money a month ago and recently died what is my responsibility and who do you talk to to repay the loan?

You need to find out who the executor of the estate is. That would be the person to pay the money to. Be sure and get a receipt!


What is a promise to repay money lent by a specific date with interest?

A bond. Or Money Bond


Can student grant monies be garnished?

No, grant money is free money. You do not need to repay it.


How much TARP money has ford repaid?

They didn't take any money to have to repay.


What do you call it when you pay back money that you owned?

To repay is to pay back money that is owned.