Examlex
Discuss the modern campaign for running for president. Why is it referred to as the longest campaign? What is essential to a candidate's success?
Collateral
Assets promised as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay according to the terms of the loan agreement.
Security Agreement
A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral.
Collateral
Collateral refers to assets that a borrower offers to a lender to secure a loan, which can be seized if the loan is not repaid.
Perfection by Possession
A method of securing interests in personal property by physical possession, thereby prioritizing claims against the property.
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