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Robin has purchased a new computer that has the Windows 10 operating system. Excited about learning the new features of Windows 10, she starts the computer, enters her login information and takes a look at the desktop. She displays the Start menu and takes time to get acquainted with her new working environment.
Robin notices all of the colorful, shaded tiles at once. Each tile represents a(n) ____________.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make the required payments.
Debtor
A person or organization that has a debt or financial liability to another entity.
Perfection
A legal process that gives a secured creditor priority over claims from other creditors regarding a debtor's asset.
Collateral
Assets pledged by a borrower to secure a loan or other credit, which can be seized by the lender if the borrower defaults.
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