Examlex
Because of the age they both were when they married, Ingrid and Franco are more likely to get divorced than they would have been at any other age. How old were Ingrid and Franco when they married?
PMSI
Purchased Money Security Interest, a legal claim that allows a lender or seller to claim collateral property, prioritized over other creditors, often used in financing agreements for personal property.
Credit
An arrangement where a buyer is allowed to purchase goods or services and pay for them at a later date.
Article 9
Article 9 refers to a part of the Uniform Commercial Code (UCC) that regulates secured transactions, or transactions that involve a creditor taking a security interest in the debtor's property.
Mechanic's Lien
A security interest granted over an item of property to ensure the payment of the work performed and materials supplied in the building or repairing of that property.
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