Debtors vs Borrowers: Definition, Legal Rights, Credit Scoring and Debt Collection
Who are Debtors and Borrowers? Debtors and borrowers are individuals or entities who take on a debt or loan, respectively, and are obligated to repay…
Author: Rowan T. Moyo, Ph.D.
Rowan has been a Business Legal Practitioner since 2009. He has an Advanced LLM Degree in Business Law and a Professional Doctorate in Anti-Money Laundering. He has published in the areas of Money Laundering, Corporate Crime, Public Law & Policy, Sovereign Debt, Commercial Law and Foreign Direct Investment.
Collateral: Legal Definition, Types, Secured Loans, Security Interests and Enforcement
What is a Collateral? A collateral is an asset or property offered by a borrower to a lender as security for a loan, which the…
Stocks vs Shares: Legal Definition, Characteristics, Issuance, IPOs and Dividends
What are Stocks and Shares? Stocks represent ownership in a company, divided into shares, which are individual units of that ownership. The main difference is…
Contract: Legal Definition, Foundations, Legal Capacity, Breach and Remedies
What is a Contract? A contract is a legal instrument embodying an agreement that stipulates and regulates the rights and duties of the parties involved,…
UCP 600: Legal Definition, Guidelines and Applicability
What is UCP 600? UCP 600 is a set of standardised rules established by the International Chamber of Commerce (ICC) governing the issuing and use…
CIF vs FOB Contracts: Legal Definition, Transfer of Responsibility, Risks and Marine Insurance
What are CIF and FOB Contracts? CIF (Cost, Insurance, and Freight) contracts require the seller to arrange and pay for the transportation and insurance of…
Public International Law vs Private International Law: Sources, State Sovereignty and Enforcement Mechanisms
What is the Difference between Public International Law and Private International Law? Public International Law vs Private International Law: Public International Law governs the legal…
The Legal Meaning of Letters Rogatory: Judicial Assistance, Sovereign Discretion and Confidentiality
What is Letters Rogatory? Letters Rogatory are formal requests from a court in one country to a court in another country seeking judicial assistance, often…
Subpoena Ad Testificandum: Legal Definition, Purpose, Types and Format
What is Subpoena Ad Testificandum? A Subpoena Ad Testificandum is a judicial order compelling a named individual to appear before a specific court or legal…
Subpoena Duces Tecum: Legal Meaning, Purpose, Types and Format
What is Subpoena Duces Tecum? A subpoena duces tecum is a legal order compelling an individual or entity to produce specific documents, records, or tangible…
