Examlex
Perfects
The process of securing a legal interest or claim in collateral or property, often used in finance and legal contexts to ensure rights are enforceable.
Financing Statement
A document filed by a creditor to indicate a security interest in the debtor’s assets, used to perfect a lien.
Secured Party
An individual or organization that holds interest in a secured transaction as a creditor, protected by collateral.
Financing Statement
A document filed to give public notice of a secured party's interest in the personal property of a debtor, usually in relation to a secured transaction.
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