Examlex
Tuning fork A has a frequency of 440 Hz.When A and a second tuning fork B are struck simultaneously,four beats per second are heard.When a small mass is added to one of the tines of B,the two forks struck simultaneously produce two beats per second.The original frequency of tuning fork B was
Perfection
In legal and financial terminology, it refers to the necessary steps taken to secure rights or interests in collateral against third parties.
Security Interest
A legal claim or lien on collateral, giving a lender the right to take property to satisfy a debt if the debtor defaults.
Default
The failure to meet the legal obligations of a loan, typically by not making the required payments.
Re-Perfect
The act of renewing or restoring a security interest or claim in property to its original status or priority, generally after it has been lapsed or compromised.
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