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词汇 debt-settlement
释义 debt settlement
noun[ C or U ]
ukus
FINANCE
a financial agreement between a borrower and a lender in which the borrower pays back less than the full amount of a debt and the lender agrees to accept this as full payment:
Debt settlement companies, which offer to arrange debt settlements for borrowers, often require a big payment upfront for their services.

Examples of debt settlement


debt settlement
Both of these trade associations have membership made up of companies operating in the debtsettlement industry.
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Creditors have their own policies regarding debtsettlement and certain creditors will not settle directly with consumers.
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In addition, a completed debtsettlement program can cause a ding on a credit history.
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A consumer makes monthly payments to the debtsettlement company, or to the bank (or bank agent) who holds the trust account.
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The debtsettlement companies may not handle calls from the credit card companies, nor the collection agencies.
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In the case of debtsettlement, enrollment in a program does not stop creditors from taking legal action.
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In the debtsettlement process the debtor's accounts remain in default.
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And when asked to show that most of their customers are better off after debtsettlement, industry leaders said that would be an unrealistic measure.
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Wikipedia

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Debtsettlement is a form of individual debt adjustment.
From
Wikipedia

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Since the creation of the current regulations there have been a number of legal disagreements between regulators and the debtsettlement industry.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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