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The convention of disclosure requires that all material facts must be disclosed in the financial statements.For example, in the case of sundry debtors, not only the total amount of sundry debtors should be disclosed, but also the amount of good and secured debtors, the amount of good but unsecured debtors and amount of doubtful debts should be stated.
When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor. It is not a crime to fail to pay a debt.
A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him. This could be by way of, for example, a mortgage, where the property represents the security. An unsecured creditor does not have a charge over the debtor's assets. [2]
Debtors of every type default on their debt from time to time, with various consequences depending on the terms of the debt and the law governing default in the relevant jurisdiction. If the debt was secured by specific collateral , such as a car or house, the creditor may seek to repossess the collateral.
The English Pronouncing Dictionary (EPD) was created by the British phonetician Daniel Jones and was first published in 1917. [1] It originally comprised over 50,000 headwords listed in their spelling form, each of which was given one or more pronunciations transcribed using a set of phonemic symbols based on a standard accent.
Wells (1990) argues that a variety of syllable codas are possible in English, even /ntr, ndr/ in words like entry /ˈɛntr.i/ and sundry /ˈsʌndr.i/, with /tr, dr/ being treated as affricates along the lines of /tʃ, dʒ/. He argues that the traditional assumption that pre-vocalic consonants form a syllable with the following vowel is due to ...
The Merriam-Webster Online Dictionary suggests the first pronunciation. Similarly, this pronunciation markup guide will choose the most widely used form. NOTE: This guide is designed to be simple and easy to use. This can only be achieved by giving up scope and freedom from occasional ambiguity.
A debtor has the right to request written validation of the debt; [33] A debtor may demand that the collector cease communication. [10] Section 809 of the Act directs that for disputed debts "the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt".