Examlex
Much of our understanding of how large organisms respond to environmental variation is based on using model species.
Repossessing
Repossessing refers to the process of a lender taking back possession of property (typically collateral) when the borrower fails to make required payments.
Collateral
An asset that a borrower offers to a lender as security for a loan, which may be forfeited in case of default.
Debtor Default
A situation in which a debtor fails to meet the legal obligation of debt repayment, possibly leading to legal action by the creditor.
Secured Party
An individual or entity that holds an interest, typically a security interest, in the debtor's collateral to secure payment or performance of an obligation.
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