Examlex
How does a programmer access the first item in a singly linked structure?
Secured Creditor
A creditor that has a legal interest, usually called a lien, in a debtor’s property, securing the debt and giving the creditor rights to the property if the debt is not repaid.
Collateral
Assets pledged by a borrower to secure a loan, which can be seized by the lender if the loan is not repaid.
Security Interest
A legal claim or lien on assets which secures the performance of an obligation, usually repayment of a loan.
Present and After-Acquired Equipment
Refers to a security interest in equipment that a borrower currently owns and any equipment they will acquire in the future.
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