Examlex
It is harder to map the structure of the Milky Way as a whole in visible light than with anyother form of electromagnetic radiation.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreement.
PMSI
Purchased Money Security Interest, a legal claim that allows a lender or seller to claim collateral property, prioritized over other creditors, often used in financing agreements for personal property.
Credit
An arrangement where a buyer is allowed to purchase goods or services and pay for them at a later date.
Article 9
Article 9 refers to a part of the Uniform Commercial Code (UCC) that regulates secured transactions, or transactions that involve a creditor taking a security interest in the debtor's property.
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