Please Define the Following Key Terms

question 97

Short Answer

Please define the following key terms
-Guangzhou (Canton)

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Definitions:

Antecedent Debt

Obligations or debts that exist before a particular agreement or transaction.

Buyer

An individual or entity that purchases goods or services.

Security Interest

A legal claim or right on property that is created by a security agreement as collateral to secure the performance of an obligation, such as repaying a loan.

Farm Products

Goods produced through agricultural activities, such as crops, livestock, and the products derived from them.