Examlex
Which of the following is not one of the general kinds of indorsements?
Collateral
Assets pledged by a borrower to secure a loan, which can be seized by the lender if the loan is not repaid.
Security Interest
A legal claim or lien on assets which secures the performance of an obligation, usually repayment of a loan.
Present and After-Acquired Equipment
Refers to a security interest in equipment that a borrower currently owns and any equipment they will acquire in the future.
Unperfected
A legal term describing a security interest or lien that has not been properly filed or recorded, and therefore does not have priority over claims made by other creditors.
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