Examlex
Explain why the root edge must be removed when preparing a pipe for welding.
Attachment
A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.
Perfection
Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.
Security
Collateral or asset pledged to guarantee the repayment of a loan or fulfillment of a contractual obligation.
Consideration
An element of a valid contract; the price one is willing to pay for the promise set out in the offer.
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