Examlex
An insect population grows exponentially until an early winter freeze kills almost all of the insects. The next spring, the population grows exponentially again. This type of population growth is called
Proceeds
Something that is exchanged for a debtor’s sold collateral.
Security Interest
A legal claim or lien on collateral that secures the repayment of a debt or obligation, giving the lender rights in the collateral.
Secured Party
The party that holds the interest in a secured property.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.
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