Examlex
If parole is not regularly awarded to eligible people in prison, among incarcerated individuals may suffer, consequently impacting their attitudes and behavior toward staff and other incarcerated people.
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.
Article 9
A provision of the Uniform Commercial Code that governs secured transactions involving personal property, establishing a legal framework for creating and enforcing security interests.
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