Common Credit Management Terms

ABCDEFGHIJKLMNOPQRSTUVWXYZAll
  • Garnishment
    A legal process whereby a creditor requires a third party to turn over a debtor's property, such as wages or bank accounts, to a creditor.

  • General Rules
    Rules enacted under the Bankruptcy and Insolvency Act.

  • Guarantor
    An individual or a corporation who takes on financial responsibility for another's debt.

↑Top


This glossary is presented as a service to our members and the general public. Click on the highlighted letter above and it will take you to the alphabetical section for the term you are seeking. As a new service, we welcome your suggestions to expand our glossary. Think a term should be explained differently? If so, you are welcome to submit the term and its meaning for our consideration. However, you must not do so by violating copyright and other laws. Don't see the term you're looking for? Contact us at geninfo@creditedu.org so we can help you.