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:

Economics

The study of how resources are distributed for the production of goods and services within a social system.

Finance

The management, creation, and study of money, banking, credit, investments, assets, and liabilities.