Where Security Devices Are Agreed to in Advance as Terms

question 47

Multiple Choice

Where security devices are agreed to in advance as terms in the contract, they are often called

• A) collateral security.
• B) the creditor back- up system.
• C) the pledge of assets.
• D) consensual security interests.
• E) non- consensual security interests.

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Definitions:

CRM Program

Customer Relationship Management program; a strategy for managing an organization's interactions with current and potential customers using data analysis about customers' history with a company.

Customer's Profitability

The financial benefit a company gains from dealing with a customer, considering the revenues generated and the costs associated with maintaining the relationship.

Order Status Communication

The process of providing updates to customers about the progress and current status of their orders, from placement through to delivery.

Human Method

An approach that relies on human input, expertise, or interaction as part of a process or system.