A Type of Security Interest That Does Not Attach to a Single

question 53

Multiple Choice

A type of security interest that does not attach to a single piece of property but also covers after-acquired property and future advances is known as a:

• A) temporary lien
• B) fixed lien
• C) transitory lien
• D) floating lien

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Definitions:

Behavior

The actions or reactions of an individual in response to external or internal stimuli, often observed and analyzed in psychological contexts.

Roles

The behaviors, obligations, and privileges associated with a social status or position within a group or society.

Family-Centered Approach

An approach in healthcare and education that views the family as an integral part of the decision-making process and support system.

Understanding

The ability to comprehend or grasp the meaning, nature, or importance of something.