Chapter 12

Definition:

A section of the U.S. Bankruptcy Code that deals with agricultural bankruptcies. It is simpler, more streamlined, and less expensive than Chapter 11.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Asset-backed security

A security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate.

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