Examlex
The substitution effect of a price change describes the change in the quantity demanded of a good due to a change in its relative price.
Security Interest
A legal claim or right granted by a debtor to a creditor over the debtor's property, serving as collateral for the repayment of a loan.
Property Interest
A legal right or claim to a property, including ownership rights, use rights, rents, or other benefits deriving from the property.
Collateral
Property or assets pledged as security for repayment of a loan, subject to seizure by the lender in case of default.
Legally Enforceable
A term describing an agreement or contract that is recognized by legal authorities and can be upheld in court.
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