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Technician A and technician B are discussing spark plug gap. Technician A says that the spark may be weak in strength if the gap is too wide. Technician B says that the spark will have high-voltage if the gap is too narrow. Who is correct?
Financing Statement
A document filed to give public notice that a lender has a security interest in the collateral offered by a borrower.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt or performance of some other obligation.
Priority
The status of being regarded or treated as more important than other matters.
Purchase Money Security Interest
A security interest that is (1) taken or retained by the seller of collateral to secure all or part of its purchase price or (2) taken by a debtor to acquire rights in or the use of the collateral if the value is so used.
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