Examlex
What is the purpose of the following algorithm?
Subordinated
A classification of debt that ranks below other debts with regard to claims on assets or earnings.
Judicial Remedy
Judicial processes utilized by a court to uphold a right, apply a sanction, or issue a directive to ensure compliance with its decisions.
Security Interest
A legal claim on assets which is granted to secure the performance of an obligation, typically the repayment of a loan, which gives the lender rights in the secured assets.
Commercially Reasonable
Pertaining to actions, methods, or practices that are considered acceptable and appropriate by business standards or industry norms.
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