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Why do fad diets appeal to so many Americans?
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In legal and financial contexts, this term often refers to the act of making a security interest or claim valid and enforceable against third parties.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure the repayment of a loan.
Secured Party
A lender or creditor who holds an interest in the collateral provided by the debtor to secure a loan or obligation.
Chattel Paper
A writing that indicates both a monetary obligation and a security interest in specific goods.
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