Examlex
Composition is also called ____.
Perfected
In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.
Security Interest
A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.
Collateral
An asset offered to secure a loan or other credit and subject to seizure upon default.
Security Interests
A lawful demand or security interest on assets that have been offered as a guarantee, typically to ensure the repayment of a borrowed sum.
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