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Instructions: Identify the Terms and Briefly State Their Historical Significance

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Instructions: Identify the terms and briefly state their historical significance.
Kyoto


Definitions:

Debtor

An individual or entity that owes money or an obligation to another, the creditor.

Secured Party

A lender or creditor who has an interest, typically through a lien, in the collateral offered by a borrower or debtor to secure a loan or obligation.

Obligation

A legal or moral duty or responsibility one party has towards another.

Secured Party

A creditor or lender that holds a security interest in collateral to secure a debt.

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