Examlex
Why is commercial paper an attractive short-term financing option?
Financing Statement
A form filed to give public notice of a secured party's interest in the debtor's collateral, facilitating the priority of claims in case of default.
Secured Interests
Interests in personal property or fixtures that secure payment or performance of an obligation, often seen in lending and financing agreements.
Take Possession
Take possession refers to the act of assuming physical control or ownership of a piece of property or asset.
Collateral
Assets promised as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay according to the terms of the loan agreement.
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