Examlex
Which of the following connects two shapes?
Purchase-Money Security Interest (PMSI)
A security interest formed when a debtor uses borrowed money from the secured party to buy the collateral.
Unsecured Party
A creditor or lender that does not have rights to specific collateral if the borrower defaults.
Collateral
The property that is subject to a secured interest.
Collateral
An asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.
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