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A specific kind of truck system, in which credit advances are made against future work is known as debt bondage. Under this system, workers were not paid cash; rather they were paid with non-transferable credit vouchers which could be exchanged only for goods sold at the company store. This made it impossible for workers to store up cash savings.
In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.
Titanic was equipped with eight electric cranes, four electric winches and three steam winches to lift cargo and baggage in and out of the holds. It is estimated that the ship used some 415 tonnes of coal whilst in Southampton, simply generating steam to operate the cargo winches and provide heat and light. [68]
In an August 2024 interview on Face The Nation, Vance said he supported increasing the child tax credit from $2,000 per child up to $5,000 per child, departing from his Senate Republican colleagues, who had blocked an expanded child tax credit in the Senate two weeks earlier.
The increase in the number of insolvencies, however, does not indicate the total financial impact of insolvencies in each country because there is no indication of the size of each case. An increase in the number of bankruptcy cases does not necessarily entail an increase in bad debt write-off rates for the economy as a whole.
The European Credit Transfer and Accumulation System (ECTS) is a standard means for comparing academic credits, i.e., the "volume of learning based on the defined learning outcomes and their associated workload" for higher education across the European Union and other collaborating European countries. [1]
The idea for game achievements can be traced back to 1982, with Activision's patches for high scores. [8] [9] This was a system by which game manuals instructed players to achieve a particular high score, take a photo of score display on the television, and send in the photo to receive a physical, iron-on style patch in a fashion somewhat similar to the earning of a Scout badge.
The debt ceiling is an aggregate of gross debt, which includes debt in hands of public and in intragovernment accounts. The debt ceiling does not necessarily reflect the level of actual debt. From March 15 to October 30, 2015 there was a de facto debt limit of $18.153 trillion, [ 186 ] due to use of extraordinary measures .