Adequacy of Coverage refers to the sufficiency of insurance protection to repay the insured in the event of a loss, ensuring they are adequately compensated and can recover without significant financial detriment.
Discharge in bankruptcy refers to the release of a bankrupt debtor from most liabilities pursuant to a confirmed plan of reorganization. Some debts are not subject to discharge.
A Garnishee Order, now known as a Third-Party Debt Order, is a legal mechanism used to seize money directly from a debtor's bank account to satisfy a judgment debt.
A Vulture Fund is a type of limited partnership that invests in distressed properties, often real estate, with the intent of profiting when prices rebound.
