Examlex
Which of the following types of board member would be needed for a business in the maturity stage?
Unperfected
A term used in law to describe a security interest or claim that has not been formally established or completed according to legal requirements.
Priority
The status of being given more importance or attention before other things.
Default
Failure to fulfill an obligation, especially failure to meet a financial obligation or to appear in court when required.
Secured Party
An individual or entity that holds an interest, typically a security interest, in another's property as collateral for a debt.
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