by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Limited Recourse Debt? A limited recourse debt refers to a debt which a lender has limited claims if the borrower happens to default. Generally, it means that there is a legal claim against collateral posted to secure the loan, but the debtor cannot be held...
by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management
What is Asset Protection? Asset protection refers to a concept of legal strategies that business entities and individuals use to protect their assets from civil money judgment. The asset protection technique ensures that businesses and individuals valuable assets are...
by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is a Beneficial Interest? A beneficial interest refers to the right to get benefits on assets held by a different party. The beneficial interest often relates to issues addressing trust accounts. For instance, most beneficial interest arrangements take the form...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Automated Clearing House (ACH)?The Automated Clearing House (ACH) Network refers to an electronic funds-transfer system operated by NACHA since 1974, previously the National Automated Clearing House Association. This method of payment deals with direct...
by Jason M. Gordon | Feb 23, 2025 | HR, Employment, Labor, & Discrimination
What is the Glass Ceiling? The glass ceiling refers to a barrier that makes professional advancement difficult for a section of employees. The glass ceiling often affects women and the minority section of employees. This term is a metaphorical term that denotes an...
