Glossary
A
AffidavitA written statement of facts voluntarily sworn to and signed before an authority with the power to witness an oath, usually a notary public.
Affirmative DefenseIn a civil lawsuit, a fact or set of facts which, if proven by the defendant, provide a defense against the unlawful conduct alleged by the plaintiff.
AnswerWhat you must send in to respond to a notice that you have been sued (the defendant’s response to the plaintiff’s filing a lawsuit).
Attorney General of TexasChief legal and law enforcement officer of Texas that you can complain to about debt collectors that might be breaking the law.
C
Co-TrusteeWhen a trust has more than one trustee, a co-trustee refers to each person or financial institution acting as a trustee.
Conflict of InterestA conflict of interest occurs when a decision puts what is best for one person ahead of what is best for the other person. A guardian of the estate must avoid conflicts of interest by managing the incapacitated person's estate in the way that is best for the incapaciated person regardless of what might be good for the guardian or others.
Consumer Financial Protection Bureau (CFPB)Federal United States agency responsible for consumer protection in the financial sector.
CreditorThe person or place with whom the alleged debt started (i.e. the car dealer, credit card company, bank).
D
Debt CollectorThe person or agency the creditor or debt buyer hires to collect a debt. Just because a debt collector believes you owe a debt, it does not mean that their information is correct. One of the top complaints from people is being contacted by debt collectors to collect debts that they believe they do not owe.
Default judgmentAn automatic judgment against a debtor when a debtor does not Answer a lawsuit or appear in court to defend against a lawsuit.
Affidavit
A written statement of facts voluntarily sworn to and signed before an authority with the power to witness an oath, usually a notary public.
Affirmative Defense
In a civil lawsuit, a fact or set of facts which, if proven by the defendant, provide a defense against the unlawful conduct alleged by the plaintiff.
Answer
What you must send in to respond to a notice that you have been sued (the defendant’s response to the plaintiff’s filing a lawsuit).
Attorney General of Texas
Chief legal and law enforcement officer of Texas that you can complain to about debt collectors that might be breaking the law.
Co-Trustee
When a trust has more than one trustee, a co-trustee refers to each person or financial institution acting as a trustee.
Conflict of Interest
A conflict of interest occurs when a decision puts what is best for one person ahead of what is best for the other person. A guardian of the estate must avoid conflicts of interest by managing the incapacitated person's estate in the way that is best for the incapaciated person regardless of what might be good for the guardian or others.
Consumer Financial Protection Bureau (CFPB)
Federal United States agency responsible for consumer protection in the financial sector.
Creditor
The person or place with whom the alleged debt started (i.e. the car dealer, credit card company, bank).
D
Debt CollectorThe person or agency the creditor or debt buyer hires to collect a debt. Just because a debt collector believes you owe a debt, it does not mean that their information is correct. One of the top complaints from people is being contacted by debt collectors to collect debts that they believe they do not owe.
Default judgmentAn automatic judgment against a debtor when a debtor does not Answer a lawsuit or appear in court to defend against a lawsuit.
Debt Collector
The person or agency the creditor or debt buyer hires to collect a debt. Just because a debt collector believes you owe a debt, it does not mean that their information is correct. One of the top complaints from people is being contacted by debt collectors to collect debts that they believe they do not owe.
Default judgment
An automatic judgment against a debtor when a debtor does not Answer a lawsuit or appear in court to defend against a lawsuit.