Examlex
The European Union (EU)consists of the same countries as the continent of Europe.
Collateral
Collateral is an asset or property that a borrower offers to a lender as security for a loan, which can be seized by the lender if the loan is not repaid according to the agreement.
Enforceable
Describes a legal agreement or contract that can be upheld and compelled by law, ensuring compliance by all parties involved.
Termination Statement
A document filed to indicate that a previously filed security interest is no longer valid.
Filing
The process of submitting documents to a specified entity or office for official recording and recognition.
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