Dischargeable Debts Financial Glossary

What is it? Debts that can be erased through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills, and medical bills. Compare to non-dischargeable debts.

Finance Term Definition Added By: Nicholas

Send To Friends!

If you'd like to send the Dischargeable Debts definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Dischargeable Debts. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Insurance is See property insurance; private mortgage insurance; insured mortgage; title insurance.

Financial Term Bond is Long-Term IOU whereby the holder (lender or buyer) is promised to receive fixed payments over a pre-specified time period. Corporate bonds are one of the available instruments that companies can resort to for their financing needs.

Financial Term Tax (profit and loss sheet) is Corporation tax amount payable to the government

Financial Term Dow Jones Industrial Average is Widely quoted stock index composed of 30 blue-chip stocks. The value of this index, which does not include dividends, is calculated daily.

Financial Term enterprisewide risk management (ERM) is An integrated approach to measuring and managing risks within a financial institution. ERM, as opposed to traditional separate, silo based, risk analysis, recognizes that risks are inter-related and often have common drivers. For example, the macroeconomic conditions related to high interest rates impact credit risk in addition to interest rate risk. Moves to ERM are partially driven by the Basel II capital guidelines and related rules issued by national banking regulators.