Examlex
Scarcity is a concept that does not apply to
Purchase-Money Security Interest
A security interest in goods that secures credit extended by the seller or lender for the purchase of those goods.
Security Agreement
A legal document that grants a lender a security interest in a specified asset or property, which serves as collateral for a loan.
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.
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