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But the relationship of a debtor nation to its creditors is necessarily multilateral.
Under Roman law, the body of a debtor could be cut up and disbursed to his creditors.
Bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts.
This only strengthened a prevailing perception: that the colonies' relationship with England was that of a debtor to a creditor.
Judicial hypothecs are instituted by the court against all the property, present and future, of a debtor.
This is especially true in the case of a debtor that prints the money with which to service its debts.
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BAG's purchase of a certain liability marks the starting point, and the completion of the workout-process marks the end of the workout-process for a debtor.
Worst of all would be for a debtor country, like Italy, to leave the euro because it would lead to the disorderly dissolution of the European Union.
It was exhausting to think about; I wanted no part of a debtor-creditor relationship.
Bankruptcy laws permit the trustee to claim a broad range of payments a debtor makes within 90 days of insolvency, and this is the second such lawsuit the trustee has filed in the last week.
Or his lobbying the Treasury during the Bush years to prevent the downgrading of the credit rating of Enron -- a debtor of Citigroup?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com