Debt and Legal Terms Quiz

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CelebratoryLepidolite
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Which term refers to the act of paying off a debt?

Settlement of the debt

What does it mean to be burdened with debts?

To have debts

Which term refers to the act of erasing a debt?

Writing off a debt

Which term refers to the act of collecting a debt?

<p>Recovery</p> Signup and view all the answers

What does it mean to cancel a debt?

<p>To write off a debt</p> Signup and view all the answers

What is the term for being burdened with debts?

<p>Debt burden</p> Signup and view all the answers

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