Examlex
Which of the following are most associated with primary socialization?
Secured Lending
The practice of issuing loans backed by collateral, providing the lender with security in case of borrower default.
Collateral
An asset offered by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the terms of the loan.
Contingent Fee
A payment arrangement where a lawyer or other professional is paid a fee only if the case is won or settled favorably, typically as a percentage of the settlement or award.
Restatement (Third)
A reference to the third series of publications by the American Law Institute aiming to distill, clarify, and restate key principles of common law.
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