Examlex
Evolution can be defined as:
Good Title
Legal documentation proving ownership of property without any liens or claims against it.
Registration
The act of recording information, such as ownership of property or a vehicle, in an official public registry or database.
Security Interest
A legal right or claim on assets granted to creditors to secure loan repayments, typically collateralized by the asset itself.
Perfected
Refers to the completion of all necessary legal steps or procedures to enforce rights, often used in the context of securing interests in collateral under law.
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