Examlex
Thought that is based on emotion rather than reasoning would be considered __________ thought.
Uniform Commercial Code
A codification of the laws governing commercial transactions in the United States, designed to make interstate commerce more efficient.
Financing Statement
A document filed by a secured party to give public notice of their interest in the property of a debtor, typically used in secured transactions.
Collateral
Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower fails to pay.
Purchase-Money Security Interest
A legal claim or lien on property that secures payment of the price or an obligation incurred for the property's purchase.
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