A Floating Lien Is a Security Interest Retained in Collateral

question 13

True/False

A floating lien is a security interest retained in collateral even when the collateral changes in character, classification, or location.

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Definitions:

Psychological State

The mental condition of an individual at a particular time, influenced by emotions, thoughts, and behaviors.

Job Characteristics Model

A theory that proposes that the nature of a job affects employee motivation and job satisfaction, focusing on five core job dimensions.

Job Involvement

A cognitive state of psychological identification with one’s job and the importance of work to one’s total self-image.

Relational Architecture

The design and structure of relationships within an organization, including how communication, authority, and tasks are organized.