A Floating Lien Is a Security Interest Retained in Collateral

question 31

True/False

A floating lien is a security interest retained in collateral that may actually change like when inventory turns over.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing unhealthy behaviors through conditioning and other learning principles.

Phobia

An anxiety disorder characterized by an intense and, at least on the surface, irrational fear.

Lithium Carbonate

A chemical compound used primarily in the treatment of bipolar disorder and mood instability by moderating the neurotransmitters in the brain.

Manic Episode

A period of abnormally elevated, expansive, or irritable mood and increased energy or activity lasting at least one week, characteristic of bipolar disorder.