Examlex
ICANN is an acronym that stands for Internet Control and Network Numbers.
Repossessed Collateral
Assets that have been taken back by the lender from the borrower, usually due to default on a loan.
Security Interest
A security interest is a legal claim or entitlement provided to a lender or creditor over the borrower's assets, serving as collateral for the repayment of a loan or obligation.
Attached
Pertaining to property law and commercial transactions, it refers to the legal process by which a security interest is formally linked to specific assets, making it enforceable against third parties.
Debtor
An individual or entity that owes money or services to another entity.
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