Examlex
By pairing the ringing of a bell with the presentation of meat, Pavlov trained dogs to salivate to the sound of a bell even when no meat was presented. In this experiment, the ringing of the bell was the ________.
Perfection
A legal process that gives a secured creditor priority over claims from other creditors regarding a debtor's asset.
Collateral
Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.
Secured Party
An individual or entity holding an interest in a secured transaction as security for performance obligation, typically involving collateral.
Attachment
A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.
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