A demand (claim) for an amount of money that is not fixed or established at the time of claim. It...

A demand (claim) for a fixed amount of money, such as an established debt of $1,000. A liquidated demand is...

Adjustment has many meanings in multiple contexts. In relation to insurance, it is the determination of the amount due for...

An option that is embedded in a derivative financial instrument whereby one party has a choice over settlement. In other...

In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...

Generally, it is the date a transaction is completed, i.e., the date that performance (the actual exchange: money vs asset...

A practice in bankruptcy proceedings whereby a bankruptcy court may enforce contracts that are in the money to the bankrupt counterparty while abrogating contracts...