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Match the Term with Its Definition

question 88

Multiple Choice

Match the term with its definition.
-Specific characteristics that describe customers, their purchasing power, their consumption patterns, and other factors


Definitions:

Financing Statement

A financing statement is a document filed by a creditor to indicate a security interest in the property of the debtor for purposes of establishing priority claims.

Renewal

The process of making something valid for an additional period or restoring it to a fresh condition.

Buyer in the Ordinary Course of Business

A term that describes a purchaser who buys goods in good faith from a seller who routinely deals in such goods, without knowledge that the sale violates the rights of a third party.

Good Faith

Honesty in fact.

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