- debt consolidation UK US noun [U] FINANCE► a method used for managing debt, in which you take out a single new loan and use it to pay back several of your other debts: »
The OFT said that the majority of debt consolidation loans took the form of a second mortgage.
Financial and business terms. 2012.
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debt consolidation — n. The practice of combining debts from various sources into one account. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
Debt consolidation — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Emp … Wikipedia
Debt Consolidation — The act of combining several loans or liabilities into one loan. Debt consolidation involves taking out a new loan to pay off a number of other debts. Most people who consolidate their debt usually do it to attain a lower interest rate, or the… … Investment dictionary
debt consolidation loan — ➔ loan1 … Financial and business terms
Debt relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… … Wikipedia
Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Debt settlement is… … Wikipedia
Consolidation — may refer to: Consolidation (business), the mergers or acquisitions of many smaller companies into much larger ones Consolidation (soil), a geological process whereby a soil decreases in volume Consolidation (media), consolidation of United… … Wikipedia
consolidation — The combining of two or more firms to form an entirely new entity. Bloomberg Financial Dictionary A procedure whereby a number of small consignments are loaded together to form a single, larger consignment. This must be carried out as part of a… … Financial and business terms
Consolidation — The combining of two or more firms to form an entirely new entity. The New York Times Financial Glossary * * * consolidation con‧sol‧i‧da‧tion [kənˌsɒlˈdeɪʆn ǁ ˌsɑːl ] noun [countable, uncountable] 1. ECONOMICS when companies combine in… … Financial and business terms
debt — A sum of money due by certain and express agreement. A specified sum of money owing to one person from another, including not only obligation of debtor to pay but right of creditor to receive and enforce payment. State v. Ducey, 25 Ohio App.2d 50 … Black's law dictionary