Examlex
Longitudinal studies that have investigated the stages for moral development show that:
Collateral
Collateral refers to assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the terms of the loan agreement.
Security Agreement
A legal document that grants a creditor a security interest in an asset or property as collateral for a loan, typically detailed in personal property.
Perfect
In legal and financial contexts, to make a claim or interest valid and enforceable against third parties.
Creditor
is a person, bank, or entity that lends money or extends credit to another party, thus holding a claim against the borrower for the return of the asset or its value.
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