Examlex
Complete the probability distribution table and then calculate .
Security Interest
A legal claim or lien on assets which secures the performance of an obligation, usually repayment of a loan.
Present and After-Acquired Equipment
Refers to a security interest in equipment that a borrower currently owns and any equipment they will acquire in the future.
Unperfected
A legal term describing a security interest or lien that has not been properly filed or recorded, and therefore does not have priority over claims made by other creditors.
Financing Statement
A document filed to give public notice of a security interest in personal property, thereby protecting the interests of secured creditors.
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