Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it and uses the proceeds to pay back the debt.
Permanent underclass is emerging in UK, businesses warn. The Leeds city centre Job Centre Plus offices on the day figures showed youth unemployment had passed the 1m mark. Britain risks creating an underclass of people who are permanently excluded from the prospect of employment, a report published on Thursday warns.
In a language supporting classes and inheritance, a class implicitly defines a mixin. The mixin is usually implicitâit is defined by the class body, and constitutes the delta between the class and its superclass. The class is in fact a mixin applicationâthe result of applying its implicitly defined mixin to its superclass. The term mixin application comes from a close analogy with function application. Mathematically, a mixin M can be seen as a function from superclass to subclass: feed M a superclass S, and a new subclass of S is returned. This is often written as M |> S in the research literature.