Examlex
Which act became law in 1996 with the purpose of allowing freer competition among phone, cable, and TV companies?
Proportionate Shares
The allocation of benefits, responsibilities, or liabilities among parties in relation to their respective interests or contributions.
Priority
The status of having precedence or importance over others, often used in the context of orders of payment, task handling, or legal rights.
Security Interest
A legal claim or right granted by a borrower to a lender over the borrower's assets as collateral for the loan, ensuring repayment security.
Perfected
In legal and finance terms, a status indicating that an interest, often a security interest in property, is formally established and recognized.
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