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________ Is a Situation in Which the Creditor Does Not

question 80

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________ is a situation in which the creditor does not have to file a financing statement or take possession of the goods to perfect his or her security interest.


Definitions:

Limits

In engineering and manufacturing, limits refer to the maximum and minimum dimensions a part can have to be considered acceptable.

Allowance

The intentional difference in dimensions between mating parts to ensure a proper fit.

Basic Hole System

A hole basis system of fits in manufacturing where the hole is the component with the basic size, and the shafts are adjusted for different fits.

Basic Size

The theoretical exact size from which the limits of size are determined in dimensioning and tolerancing practices.

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