Examlex
Suppose that a group of climate scientists claims that they can predict future impacts of global climate change with 98% accuracy. Why should you be skeptical of this claim?
Security Interest
A legal claim or right granted by a debtor to a creditor over the debtor's property as security for a loan or obligation.
Perfection
In finance, the act of securing a priority interest in the collateral among creditors concerning the same collateral or property.
Mechanic Lien
A legal claim against a property by a contractor or repairman for unpaid work, securing payment for services rendered.
Perfected Security
A security interest in a collateral that is legally binding and has been properly filed or registered, affording the creditor priority over other claimants.
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