Examlex
Which state of matter is a substance with a definite volume and a fixed shape?
Strict Foreclosure
A legal process by which a secured lender can take possession of the collateral property without the need to sell it, typically when the value of the collateral is less than the debt owed.
Satisfaction of Debt
Satisfaction of Debt is the fulfillment of a financial obligation, such as the repayment of a loan, thereby releasing the debtor from further liability.
Owner's Rights
Legal rights conferred to owners, entitling them to use, enjoy, and dispose of their property as they see fit.
Strict Foreclosure
A legal process by which the secured lender obtains the title to the mortgaged property without the sale thereof, when the borrower fails to meet the obligations.
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