Examlex
Juan has a mental age of 8 and an IQ of 80. How old is Juan?
Security Interest
An official right or charge on property pledged as security, often for the purpose of loan repayment assurance.
Retail Installment
A payment plan that allows consumers to pay for goods or services over time, typically with interest, in retail transactions.
Financing Statement
A document filed to give public notice of a secured party’s interest in the debtor’s personal property, usually in connection with a secured transaction.
Bankruptcy
The legal status of a person or entity that cannot repay the debts they owe to creditors, leading to a legal process for resolution.
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