Examlex
Unless hired for a specific period of time or for a specific project or task, an employee is generally hired __________________ and can be terminated for any reason except those prohibited by law.
Secured Loan Agreement
A loan agreement in which the borrower pledges an asset as collateral for the loan, which the lender can seize if the loan is not repaid.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
Precautionary Demand
The desire to hold cash or assets as a buffer against future financial uncertainties.
Emergency Needs
Financial requirements that arise unexpectedly and require immediate attention, often relating to health, home repairs, or urgent personal matters.
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