TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

An obligation that is not backed by a guarantee, pawned item or specific mortgage.  3, record 1, English, - unsecured%20debt

Record number: 1, Textual support number: 1 OBS

unsecured debt : term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.  4, record 1, English, - unsecured%20debt

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

La transposition de cette règle à la créance ordinaire, c'est-à-dire non affectée d'une cause de préférence, hypothèque ou priorité [...]  4, record 1, French, - cr%C3%A9ance%20chirographaire

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

An unsecured transaction is predicated on the borrower's promise to repay the loan or debt to the lender. In the event that the borrower defaults and is foreclosed, the lender is obliged to recoup his loss by pursuing the borrower through legal action.  2, record 2, English, - unsecured%20transaction

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 OBS

transaction non garantie : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).  2, record 2, French, - transaction%20non%20garantie

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

A promissory note is typically what is called an "unsecured" obligation. This means that in the event that the borrower declares bankruptcy, the debt secured by the note will only be repaid after all debts to "secured creditors" have been paid.  2, record 3, English, - unsecured%20obligation

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

obligation non garantie : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).  2, record 3, French, - obligation%20non%20garantie

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

dette non garantie: terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).  2, record 4, French, - dette%20non%20garantie

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 OBS

Refers to the creditor’s claim.  2, record 5, English, - unsecured%20debt

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 OBS

créance non garantie : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).  2, record 5, French, - cr%C3%A9ance%20non%20garantie

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

Acquisition of collateral or receivables, acquisition resulting from a foreclosure or default or forming part of a debt work-out.  4, record 6, English, - debt%20work%2Dout

Record number: 6, Textual support number: 2 CONT

What is the difference between a debt workout and a debt consolidation for reduction or elimination of credit card debt and other unsecured debt?  5, record 6, English, - debt%20work%2Dout

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

Acquisition de comptes à recevoir ou de garanties, acquisition résultant d'une forclusion ou d'un défaut ou acquisition en raison du règlement d'une dette.  2, record 6, French, - r%C3%A8glement%20de%20dette

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, 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 7, English, - debt%20pooling

Record number: 7, 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 7, English, - debt%20pooling

Record number: 7, 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 7, English, - debt%20pooling

Record 7,  Textual support,  French

Record number: 7, 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 7, French, - mise%20en%20commun%20de%20fonds%20pour%20dettes%20g%C3%A9r%C3%A9es

Record number: 7, 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 7, French, - mise%20en%20commun%20de%20fonds%20pour%20dettes%20g%C3%A9r%C3%A9es

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 OBS

"Claim" means any indebtedness, liability or obligation of any kind that, if unsecured, would be a debt provable in bankruptcy within the meaning of the Bankruptcy Act.  2, record 8, English, - proof%20of%20claim

Record number: 8, Textual support number: 2 OBS

Form GST 258 E of Revenue Canada.  3, record 8, English, - proof%20of%20claim

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 OBS

«Réclamation» s'entend de toute dette, tout engagement ou toute obligation d'un genre quelconque qui, s'il n'était pas garanti, constituerait une dette prouvable en matière de faillite au sens de la Loi sur la faillite.  2, record 8, French, - preuve%20de%20r%C3%A9clamation

Record number: 8, Textual support number: 2 OBS

Formulaire GST 258 F de Revenu Canada.  3, record 8, French, - preuve%20de%20r%C3%A9clamation

Record 8,  Textual support,  Spanish