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Juan,a sales representative for Max Consultants,was trying to convince a retailer to outsource his telemarketing department to his company.He said,"My company is providing outsourced call centers on behalf of Fortune 500 companies in 25 countries in North America,Europe,and Asia." Juan was emphasizing his company's _____ in this scenario.
Collateral
Goods or property used to secure a debt.
Right to Redeem
The legal right to reclaim property or an asset that has been sold, under certain conditions, within a specified period.
Security Agreement
A contract that grants a lender a security interest in a specified asset or property, serving as collateral for a loan.
Personal Property Registry
The Personal Property Registry is a legal database where security interests in personal property (items other than real estate) are registered, facilitating the public notice of claims.
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