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Secured Party
An individual or entity that holds an interest in a secured transaction, typically a lender with a security interest in the collateral provided by a borrower.
Debtor
An individual or organization that owes money to another party, known as the creditor.
Security Agreement
A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral for a loan, in case of borrower default.
Authenticated Record
A document verified as genuine, usually through a process that confirms its origin and integrity.
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