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In regard to the documentation in employee disciplinary cases, what is the most significant cause of inadequate documentation?
Security Agreement
An agreement in which a debtor gives a secured interest to a secured party.
Collateral
The property that is subject to a secured interest.
Perfection
In finance and law, the process of securing a security interest in collateral through legal documentation and registration.
First Claim
The priority right to make a demand or assert a right before others; often used in financial contexts, such as creditors having first claim on assets.
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