Examlex
Understanding new problems by recognizing parallels with familiar problems is referred to as
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to provide consistency across states.
Perfected
A term typically used in law to describe a state where a security interest or lien is officially established or completed, ensuring protection and priority.
Secured Interest
An interest in personal property or fixtures that secures payment or performance to a creditor.
Personal Property
Tangible, movable objects.
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