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Subordinated debt - A loan or security that, in the case of default, would only be paid out after other, more "senior" loans were paid in full. A subordinated debt is therefore carries more risk than a normal debt.

Bad debt - In accounting and finance, bad debt is the portion of receivables that can no longer be collected, typically from accounts receivable or loans. Bad debt in accounting is considered an expense.

Collateralized debt obligation - A cash flow collateralized debt obligation, or cash flow CDO, is a structured finance product that typically securitizes a diversified pool of debt assets. These assets, corporate loans for instance, are split into different classes of bonds (known as tranches) that pay investors from the cash flows they generate.

Debt bondage - Debt bondage or bonded labor is a means of paying off loans with direct labor instead of currency or goods. It is either a kind of indenture or truck system, and is technically a form of unfree labor.


Suggested Web Sites

ABC Debt Consolidation Loans - Provides homeowners with programs designed to consolidate debt. Features company overview, online application, FAQs.

Advanced Debt Solutions - Provide debt solutions and products to people with debt problems. Products include debt consolidation loans, debt management and IVAs.

Debt Advice Bureau - Free debt advisory service offering help to those with debt problems. Advice on consolidation loans, debt management, IVAs, bankruptcy and dealing with endowment mortgage shortfalls. A not-for-profit organisation.

Source: BazSites.com

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