TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
debt pooling [1 record]
Record 1 - internal organization data 2011-12-22
Record 1, English
Record 1, Subject field(s)
- Loans
Record 1, Main entry term, English
- debt pooling
1, record 1, English, debt%20pooling
correct, Alberta, British Columbia
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
An arrangement or procedure under which a debtor pays to a a debt pooler money to be distributed or paid, according to a system, by that debt pooler to three or more creditors of the debtor. 2, record 1, English, - debt%20pooling
Record number: 1, Textual support number: 1 CONT
Debt pooling allows [anyone] to “pool all of your debt” and make a monthly payment to retire the full amount of the debt plus a nominal interest charge. Debt pooling is similar to a consolidation loan in that you now only ... one monthly payment [is made]. The advantage is that usually the interest is greatly reduced, you are not providing any additional collateral, and no co-signor or guarantor is required. A debt pooling repayment plan should generally only be considered if the entire obligation can be retired in a reasonable time period – usually under five years. 3, record 1, English, - debt%20pooling
Record number: 1, Textual support number: 2 CONT
Debt pooling is a flexible alternative to bankruptcy or consumer proposal, allowing [someone] to pay [their] debts in full. It is designed for people who are struggling with their debts and typically have over $10,000 of unsecured debt and are unable to obtain a low cost unsecured loan. 4, record 1, English, - debt%20pooling
Record 1, French
Record 1, Domaine(s)
- Prêts et emprunts
Record 1, Main entry term, French
- mise en commun de fonds pour dettes gérées
1, record 1, French, mise%20en%20commun%20de%20fonds%20pour%20dettes%20g%C3%A9r%C3%A9es
proposal, see observation, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
- mise en commun de dettes gérées 1, record 1, French, mise%20en%20commun%20de%20dettes%20g%C3%A9r%C3%A9es
proposal, see observation, feminine noun
Record 1, Textual support, French
Record number: 1, Textual support number: 1 OBS
Il s'agit de la gestion des fonds d'un débiteur en vue du refinancement de ses dettes auprès des créditeurs. 1, record 1, French, - mise%20en%20commun%20de%20fonds%20pour%20dettes%20g%C3%A9r%C3%A9es
Record number: 1, Textual support number: 2 OBS
Aucun équivalent n'existe selon un syndic montréalais. La notion est propre à la législation de la Colombie-Britannique et de l'Alberta. 1, record 1, French, - mise%20en%20commun%20de%20fonds%20pour%20dettes%20g%C3%A9r%C3%A9es
Record 1, Spanish
Record 1, Textual support, Spanish
Copyright notice for the TERMIUM Plus® data bank
© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau
Features
Language Portal of Canada
Access a collection of Canadian resources on all aspects of English and French, including quizzes.
Writing tools
The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.
Glossaries and vocabularies
Access Translation Bureau glossaries and vocabularies.
- Date Modified: