Debt Consolidation


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Debt Definition

c.1290, from O.Fr. dete, from L. debitam "thing owed," neut. pp. of debere "to owe," originally, "keep something away from someone," from de- "away" + habere "to have" (see habit). Restored spelling after c.1400 from M.E. dette. The KJV has detter three times, debter three times, debtor twice and debtour once.
From Dictionary

Consolidation Definition

–noun
1.an act or instance of consolidating; the state of being consolidated; unification: consolidation of companies.
2.solidification; strengthening: consolidation of principles and beliefs.
3.something that is or has been consolidated; a consolidated whole.
4.Law.
a.a statutory combination of two or more corporations.
b.the union of two or more claims or actions at law for trial or appeal.
5.(initial capital letter) a steam locomotive having a two-wheeled front truck, eight driving wheels, and no rear truck.
6.Pathology. the process of becoming solid, as changing of lung tissue from aerated and elastic to firm in certain diseases.
7.Geology. lithification.
From Dictionary

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