Common Credit Management Terms

  • Taxation of accounts
    Application for court approval of the fees and disbursements of the trustee, interim receiver or legal counsel.

  • Trust
    A property interest held by one person at the request of another for the benefit of a third party.

  • Trustee in Bankruptcy
    A person licensed by the Superintendent of Bankruptcy to administer bankruptcy and proposal estates.


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 so we can help you.