Examlex
A security interest is ineffective against the debtor until it "attaches."
Conditional Sales Contract
A contract arrangement in which the sale is conditional upon specific terms, with the transfer of ownership from the seller to the buyer occurring only after these conditions are met.
Title Transfer
The legal process of transferring ownership of a property or asset from one party to another.
Transaction
An exchange or transfer of goods, services, or funds between parties.
Unsecured Creditor
A creditor who has extended credit without obtaining any collateral, making them more vulnerable in the event of debtor default.
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