Examlex
Speleothems form and grow only in caves that are flooded with water.
Financing Statement
A document filed by a creditor to give public notice that it has or may have an interest in the personal property of a debtor (usually in connection with a secured transaction).
Consumer Good
A commodity or a product that is produced and purchased to satisfy the personal needs or wants of the consumer.
General Creditor
An individual or entity that is owed a debt that is not secured by collateral, leaving them with no special rights to any specific property of the debtor in case of default.
Preferred Claim
A type of claim that is given priority, especially in bankruptcy proceedings, ensuring that it is paid out before other types of claims.
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