Examlex
When the heat pump is used in the ____ of operation, the outside heat exchanger is being used as the evaporator and cold refrigerant is circulated through it.
Chose In Action
The thing or benefit that is transferred in an assignment; intangible personal property, such as a claim or the right to sue.
Personal Property Security Act
Legislation that outlines the rules for creating and enforcing security interests in personal property, offering a way for creditors to secure repayment of debt.
Attachment
A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.
Perfection
Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.
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