Examlex
_____ is a system of process control that was developed jointly between Pillsbury and the National Aeronautic and Space Administration to reduce the risk of microbial contamination during space travel,and has been adopted in many industries.
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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