Undue hardship - The most widely used test for evaluating undue hardship in the dischargeability of a student loan includes three conditions: (1) the debtor cannot maintain – based on current income and expenses – a minimal standard of living if forced to repay the loans; (2) there are indications that the state of affairs is likely to persist for a significant portion of the repayment period; and (3) the debtor made good faith efforts to repay the loans.⏎
Undersecured claim - A debt secured by property that is worth less than the amount of the debt.⏎
Writ of certiorari - An order issued by the U.S. Supreme Court directing the lower court to transmit records for a case which it will hear on appeal.⏎
Testimony - Evidence presented orally by witnesses during trials or before grand juries.⏎
Transcript - A written, word-for-word record of what was said, either in a proceeding such as a trial, or during some other formal conversation, such as a hearing or oral deposition⏎