Absolute: Canada Debt .ca defines Absolute

Bankruptcy Term Absolute

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Canada Debt has the definition to the bankruptcy and debt term Absolute. Finding answers to terms such as Absolute can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Absolute in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Absolute' is used as follows:

Complete and without conditions. For example, a bankrupt, usually after nine months receives an Absolute Order of Discharge, which means all of his debts, with certain exceptions, are wiped out.