Debt and Legal Terms Quiz
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Questions and Answers

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

  • Settlement of the debt (correct)
  • Cancellation of the debt
  • Recovery of the debt
  • Tackling a debt
  • What does it mean to be burdened with debts?

  • To go into debt
  • To recover a debt
  • To have debts (correct)
  • To reduce a debt
  • Which term refers to the act of erasing a debt?

  • Collecting a debt
  • Meeting debts
  • Writing off a debt (correct)
  • Repaying 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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