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 subclass is a class that describes the members of a particular subset of the original set. They share many of characteristics of the main class, but may have properties or methods that are unique to members of the subclass. You declare that one class is subclass of another via the extends keyword in Java. B is a subclass of A. Instances of class B will automatically exhibit many of the same properties as instances of class A. This is the main concept of inheritance in Object-Oriented programming.