Examlex
Based on information provided in the tree below, which of the following statement(s) is/are accurate?
Assign
To transfer property by sale, mortgage, pledge, or otherwise.
Floating Lien
A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.
Inventory
Goods held for sale or lease, or raw materials used or consumed in a business.
Graduated-Payment Mortgage
A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.
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