Examlex
All of these are reasons why databases are important to AISs except:
Perfected
In legal terms, it refers to the completion of all required steps to enforce a security interest or lien against third parties, particularly after default.
Priority
The established order of importance or urgency given to claims, debts, rights, or actions in legal, financial, or other operational contexts.
Floating Lien
A lien on a debtor's assets that changes over time with the inventory levels or changes in collateral included under the lien.
Purchase-Money Security Interest
A legal claim or lien that grants the lender a security interest in the item being purchased, as collateral for the loan.
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