Examlex
The following is an example of a chemical change.
Secured Party
A lender or creditor who has an interest, typically through a lien, in the collateral offered by a borrower or debtor to secure a loan or obligation.
Obligation
A legal or moral duty or responsibility one party has towards another.
Secured Party
A creditor or lender that holds a security interest in collateral to secure a debt.
Secured Property
Refers to assets that are pledged as collateral for a loan, providing the lender with security that the loan will be repaid.
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