Examlex
How and why did Portugal and Spain acquire overseas empires? Compare and contrast their motivations and methods for exploration and expansion.
Secured
Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.
Obligation
A legal or moral duty to do or not to do something, often resulting from a contract or promise.
Subrogation
The process by which one party assumes the legal rights of another party to collect a debt or claim.
Co-makers
Individuals or entities that jointly sign a loan or credit agreement, sharing equal liability for the repayment of the debt.
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