Examlex
Which of the following statements is CORRECT regarding modern taxonomy?
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure a loan or obligation.
Financing Statement
A document filed to give public notice that a lender has a security interest in a debtor's asset, used in securing financing.
Perfected
In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.
Security Interest
A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.
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