Examlex
Which of the following statements accurately explains the concept of "face"?
Personal Property
Any movable property that is not considered real property, such as vehicles, electronics, and furniture.
Collateral
Assets pledged by a borrower to secure credit or a loan, which can be seized in case of default.
Intangibles
Intangibles refer to non-physical assets that have value, such as intellectual property, goodwill, and brand recognition.
Proceeds
The amount of money obtained from an event or transaction, such as the sale of goods or property.
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