Separate Property Is Included in Community Property

question 19

True/False

Separate property is included in community property.

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Definitions:

Priority

The established order of importance or precedence among items or tasks.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to obtain a loan, that provides a lender the right to repossession if the borrower defaults.

Collateral

An asset or property that a borrower offers to a lender as security for a loan.

Secured Party

An individual or entity that holds an interest in a secured transaction, typically a lender with a security interest in the collateral provided by a borrower.