Examlex
The wrapping around an object movement that is performed by the hand is called
Collateral
The property that is subject to a secured interest.
Perfection
In finance and law, the process of securing a security interest in collateral through legal documentation and registration.
First Claim
The priority right to make a demand or assert a right before others; often used in financial contexts, such as creditors having first claim on assets.
Purchase-Money Security Interest
A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to repay a loan used to purchase the property.
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