Examlex
The first large prisons to hold convicted criminals can be traced back to European dungeons of the Middle Ages.
Reimbursement
Reimbursement involves compensating someone for expenses they have incurred on your behalf.
Security Interest
A security interest is a legal claim or right granted by a borrower to a lender as collateral for a loan, securing payment or performance of an obligation.
Perfection
Perfection is a legal process that establishes a secured creditor's interest in a debtor's collateral, making it legally enforceable against third parties.
Collateral
Property or assets that are pledged as security for the repayment of a loan, subject to seizure on default.
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