Examlex
According to William Damon,sharing in early elementary school years is characterized by
Obligation
An obligation is a legal or moral duty to do or not to do something.
Purchase-Money Security
A legal interest or lien on a piece of property which secures the repayment of the funds used to purchase the property.
Collateral
An asset pledged by a borrower to secure a loan, subject to seizure in the event of default.
Secured Party
A secured party refers to an individual or entity that holds an interest in the secured property, typically as collateral, to secure payment or performance of an obligation.
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