Examlex
The people in this picture are using American Sign Language(ASL) . Which of the following is TRUE about the use of sign language?
Secured Party
An individual or institution that holds an interest in a secured asset or collateral to secure repayment of a loan or other credit extension.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
Perfected Through Possession
A legal status indicating that a party's interest in a piece of property or an asset is fully secured and acknowledged legally because they possess it.
Stocks
Equity investments representing ownership interests in corporations, giving shareholders a claim on the company's earnings and assets.
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