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:

Dissociative Amnesia

A psychological condition that results in a person being unable to remember important personal information, typically associated with traumatic or stressful events.

Fugue

A psychiatric state characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Fuzzy Dream State

A vague or unclear dreaming phase where the details are hazy or difficult to remember.

Somatic Symptoms

Physical symptoms that are caused by psychological factors, often manifesting without any identifiable physical cause.