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Security Agreement
A legal document that grants a creditor a security interest in an asset or property as collateral for a loan, typically detailed in personal property.
Perfect
In legal and financial contexts, to make a claim or interest valid and enforceable against third parties.
Creditor
is a person, bank, or entity that lends money or extends credit to another party, thus holding a claim against the borrower for the return of the asset or its value.
Electronic Filing
The submission of documents to a court or government agency via electronic means, such as the internet, rather than traditional paper forms.
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