Examlex
The primary difference between Lawrence Kohlberg's stage 3 and stage 4 moral reasoning is that in stage 3,children base their decisions on social expectations,while in stage 4 they base them on ____________
Collateral
Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.
Secured Party
An individual or entity holding an interest in a secured transaction as security for performance obligation, typically involving collateral.
Attachment
A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.
Security Interest
A legal claim or lien on collateral, ensuring an entity or individual (the secured party) to collect on a debt or obligation.
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