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The admittance of Missouri to the Union sparked a national crisis. Describe the debates that led up to the final compromise. How does the Missouri Compromise illustrate that sectional issues would surely arise again?
Equipment
Machinery or tools necessary for a particular activity, task, or for the operation of a business.
Secured Creditor
A creditor that has a legal interest, usually called a lien, in a debtor’s property, securing the debt and giving the creditor rights to the property if the debt is not repaid.
Collateral
Assets pledged by a borrower to secure a loan, which can be seized by the lender if the loan is not repaid.
Security Interest
A legal claim or lien on assets which secures the performance of an obligation, usually repayment of a loan.
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