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.
A method declared final cannot be overridden. A method declared static cannot be overridden but can be re-declared. If a method cannot be inherited, then it cannot be overridden. A subclass within the same package as the instance's superclass can override any superclass method that is not declared private or final. A subclass in a different package can only override the non-final methods declared public or protected.