Law about consumer financial problems
Biweekly mortgage is defined as an option of paying a mortgage, in which payments are made every 2 weeks as opposed to the traditional payment schedule in which 12 monthly payments are made every year.
[Last reviewed in February of 2022 by the Wex Definitions Team]
A blank endorsement is a type of signature on a financial instrument, such as a check, a promissory note, and a bill of lading.
A blanket security lien is a type of security interest over the assets of an entire entity rather than an individual asset. While blanket liens can technically be placed on the assets of an individual person, they are more commonly seen on the assets of a business.
A blockchain is a cryptographically secured ledger. According to the United States District Court Southern District of New York in SEC v. Binance Holdings Limited, a blockchain uses cryptographically secured technologies to ensure the security of the recording and validating of cryptocurrency transactions.
A bond refers to an obligation to pay a specified amount of money.
The term bookkeeping fraud (also known as accounting fraud) refers to types of fraud committed by officers, accountants, and other employees that deliberately misrepresent or manipulate company finances
A breach of contract occurs whenever a party who entered a contract fails to perform their promised obligations. Due to the frequency of breaches of contract, a robust body of law has grown to resolve the ensuing disputes.
Burial policy is an insurance policy used to cover the costs of funeral or cremation expenses for a person who has died. Burial insurance is paid out directly to the beneficiary who may need the money to cover funeral or cremation expenses, medical bills, or debts of the policy holder.
