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.
An advantage of inheritance is that modules with sufficiently similar interfaces can share a lot of code, reducing the complexity of the program. The Benefits of Inheritance. Subclasses provide specialized behaviors from the basis of common elements provided by the superclass. Through the use of inheritance, programmers can reuse the code in the superclass many times. Programmers can implement superclasses called abstract classes that define âgenericâ behaviors. The abstract superclass defines and may partially implement the behavior but much of the class is undefined and unimplemented.