Glossary Builder #3

According to the Federal Trade Commision, debt does not go away when the debtor dies (Debts and Deceased, 2011). When a person passes away all of their assets and liabilities go into the person’s “estate.” Essentially, the estate is liquidated and any money within the estate is to pay-off the person’s debt. If there is not even money in the estate to pay off the debts, the debts will go unpaid; unless there is a living co-signer or spouse (Debts and Deceased, 2011).

The Nutrition Labeling and Education Act of 1990 (NLEA) established labeling regulation on food packaging to require the Nutrition Facts label (Martinez, 2013). In an effort to lure consumers to purchase its products, companies will add voluntary health and nutrition related (HNR) claims on their products. These claims include “low fat,” “no sodium,” etc., (Martinez, 2013). This type of labelling is in hopes that consumers will buy the product. The U.S. Food and Drug Administration (FDA), is in charge of determining what HNR’s can be used.

  • Estate: all the money and property owned by a particular person, especially at death (Oxford Dictionaries).
  • Debt: a sum of money that is owed or due (Oxford Dictionaries).
  • U.S. Food and Drug Administration (FDA): an administration responsible for protecting the public health by assuring the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices, our nation’s food supply, cosmetics, and products the emit radiation (Usa.gov, 2018).

Debts and Deceased Relatives. (2011). Federal Trade Commission Consumer Information. https://www.consumer.ftc.gov/articles/0081-debts-and-deceased-relatives

Martinez, S. ( 2013). Obesity and Other Health Concerns Lead Food Companies to Step Up Health and Nutrient Claims. USDA. https://consuminghealthmatters.files.wordpress.com/2016/05/healthconcernsleadtolabelclaims.pdf

Oxford Dictionaries. (2018). https://en.oxforddictionaries.com/

Usa.gov. (2018). Food and Drug Administration. https://www.usa.gov/federal-agencies/food-and-drug-administration

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