12) setoff. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...for something else; a counterbalance. 3a. A counterclaim. b. Settlement of a debt by a debtor's establishing such a claim against a creditor. 4. Architecture A flat...

13) statement. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...or financial account showing an amount due; a bill. 5. A monthly report sent to a debtor or bank depositor. 6. Computer Science An elementary instruction in a programming...

14) extent. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...extent of desert. 3. Law a. A writ allowing a creditor to assume temporary ownership of a debtor's property. b. In Great Britain, a writ allowing a creditor to seize...

15) preference. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...preferred. 3. Law a. A priority of payment given to one or more creditors by an insolvent debtor. b. The right of a creditor to priority of payment. 4. The granting...

16) garnishee. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...forms: gar·nish·eed, gar·nish·ee·ing, gar·nish·ees1. To seize by garnishment: garnishee a debtor's wages. 2. To serve with a garnishment: garnishee an employer....

17) composition. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...one written as an academic exercise. 5. Law A settlement whereby the creditors of a debtor about to enter bankruptcy agree, in return for some financial consideration,...

18) delegate. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...commit or entrust to another: delegate a task to a subordinate. 3. Law To appoint (one's debtor) as a debtor to one's creditor in place of oneself. Middle English...

19) proceed. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...at stem1. 5. Law To institute and conduct legal action: proceeded against the defaulting debtor. pro·ceeds (prosdz) The amount of money derived from a commercial...

20) protest. The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.
...3. Law a. A formal statement drawn up by a notary for a creditor declaring that the debtor has refused to accept or honor a bill. b. A formal declaration made by...