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Secured Party
An individual or entity that holds an interest, typically a security interest, in the debtor's collateral to secure payment or performance of an obligation.
Purchase-Money Security Interest
A legal claim or lien on collateral that secures payment of the price of goods bought.
Secured Interests
legal claims or liens on collateral property or assets that secure the repayment of a debt or obligation.
Purchase-Money Security Interest
A security interest or claim on property that secures repayment of the money used to purchase the property, commonly seen in secured transactions.
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