Debtor - A person who has filed a petition for relief under the Bankruptcy Code.⏎
Contingent claim - A claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails to pay.⏎
Collateral - Property that is promised as security for the satisfaction of a debt.⏎
Dischargeable debt - A debt for which the Bankruptcy Code allows the debtor's personal liability to be eliminated.⏎
Damages - Money that a defendant pays a plaintiff in a civil case if the plaintiff has won. Damages may be compensatory (for loss or injury) or punitive (to punish and deter future misconduct).⏎