Examlex
Explain how a user in a hotel in Los Angeles can connect to a local area network (LAN) at a Michigan site using a virtual private network.
Purchase Money Security Interest
A legal claim or lien on collateral provided by a borrower to secure a loan used to purchase the collateral.
Personal Property Security Act
Legislation governing the use of personal property as security for a loan or obligation, detailing rights concerning collateral.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.
Guarantee
A written commitment whereby a guarantor agrees to pay a debt if the debtor does not.
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