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.
We can build a complicated application program from a library of many classes, some of which are related by superclass-subclass relationships, forming an inheritance hierarchy. We draw such hierarchies as follows, with each subclass beneath its superclass (with an arrow pointing to it). While a superclass may have many direct subclasses, a subclass has exactly one direct superclass. So, in this example, the ModularCounter and BoundedCounter classes extend the IntCounter class. Each subclass is in some sense more powerful than the superclass that it extends: it adds more fields and methods. Unfortunately the terms subclass and superclass seem to have exactly the opposite informal meanings. The word super implies something more powerful, but in fact it is the subclass that is more powerful.