Examlex
Babbling refers to which type of vocalization?
Secured Perfected Creditor
A creditor who has taken the necessary legal steps to ensure their claim against a debtor's collateral is enforceable against other creditors.
After-Acquired Property
Property or assets that a debtor obtains after signing a contract that pledges all of the debtor's current and future assets as collateral for a loan.
Financing Statement
A document filed to give public notice to secured creditors about a debtor’s assets used as collateral, typically in connection with securing a loan.
Repossession
The process by which a creditor takes back property from the debtor when the debtor does not make payments due on the property.
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