Maryland Code, COMMERCIAL LAW 15-207
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Terms Used In Maryland Code, COMMERCIAL LAW 15-207
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Every conveyance made and every obligation incurred with actual intent, as distinguished from intent presumed in law, to hinder, delay, or defraud present or future creditors, is fraudulent as to both present and future creditors.