Burlingham Associates Inc - U - Bankruptcy / Proposal / Financial Glossary

Bankruptcy / Proposal / Financial Glossary

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There are 5 entries in the glossary.
Pages: 1
Term	Definition
Ultra Vires	Without authority. Any action that is beyond the legal powers of a particular body to take.

undertaking	To commit oneself by promise; a pledge or engagement.

unliquidated	Assets which have not been converted into cash; a claim against a bankrupt estate that has not been quantified by a dollar amount.

Unsecured Creditors	Creditors who do not have any security for the debt owing to them.

Usury	Excessive or illegal interest rates.

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Glossary V2.0