Chose In Action: Canada Debt .ca defines Chose In Action

Bankruptcy Term Chose In Action

<<< Back

Canada Debt has the definition to the bankruptcy and debt term Chose In Action. Finding answers to terms such as Chose In Action 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. Chose In Action in financial terms means...

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

The right of property in intangible things which are not in one's possession, but that are enforcible through legal or Court action, such as debts, insurance claims, shares in a company, pensions and salaries.