Examlex
You would not include ____ on an income and expenditures statement.
Personal Use
Personal use refers to the use of goods or services primarily for individual rather than commercial or professional purposes.
Proceeds
Something that is exchanged for a debtor’s sold collateral.
Secured Party
A lender or creditor who has an interest in the collateral securing a loan or credit agreement.
UCC
Short for Uniform Commercial Code, it is a comprehensive set of laws governing all commercial transactions in the United States.
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