web glossary

2 Paralegal Technology terms

If you're looking for a field that can teach you about your rights or criminal offenses, then Paralegal Technology is the right field for you

bankruptcy

Bankruptcy is a noun that refers to the state of being unable to pay debts and the legal declaration of insolvency for a person or organization

Bankruptcy is a legal process for relieving debt that the borrower cannot repay

Example: I went bankrupt after all of my debts

fr: Une Faillite

Guarantee

Guarantee can be both a noun and a verb. As a noun, it refers to a formal promise that something will happen or an agreement. As a verb, it means making such a promise

A guarantee is a legal concept where one person agrees to be responsible for another's debt or performance

Example: My mom decided to back me up as a guaranty for my loan at the bank

fr: Une garantie ou une caution