The term 'Accelerate (A Debt)' refers to invoking the acceleration clause in a loan agreement, making the full amount of the loan debt due immediately upon a borrower's default or other specified triggers.
An equitable lien is a legal interest granted to a creditor over a debtor's property as security for the debtor's obligation. Unlike a statutory lien, an equitable lien is created by the courts to achieve fairness, often in the absence of a formal written agreement.
A decree issued by a court determining that one individual is indebted to another and specifying the amount owed.
A judgment lien is a court-ordered claim upon a debtor's property, established to satisfy a debt ruled upon in a court of law. This lien ensures the creditor's right to a debtor's asset in case of non-payment.
Security interest refers to a legal claim on collateral that has been pledged, usually to obtain a loan or other obligation.
