Examlex
Instructions: Identify the following term(s).
heliocentric theory
Article 9
A section of the Uniform Commercial Code governing secured transactions, where a creditor has a security interest in the personal property of a debtor as collateral for a debt.
UCC
Stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.
Secured Financing
Financing or a loan that is backed by collateral, reducing the risk for lenders and often resulting in more favorable terms for borrowers.
Article 9
A provision within the Uniform Commercial Code (UCC) that governs secured transactions involving personal property, creating a framework for securing debts and financing statements.
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