Examlex
All of the following are true of medieval towns except that
Escrow Company
A neutral third-party entity that holds assets, including money, property, and documents, on behalf of other parties during the completion of a transaction.
Financing Statement
A document filed to give public notice of a secured transaction, indicating an interest in the assets of a debtor.
Collateral
Collateral offered to secure a loan, subject to seizure upon default.
Collection Agency
An organization employed by creditors to collect funds that are owed by individuals or businesses, usually when those debts are past due.
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