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Secured Financing
Financing or a loan that is backed by collateral, reducing the risk for lenders and often resulting in more favorable terms for borrowers.
Article 9
A provision within the Uniform Commercial Code (UCC) that governs secured transactions involving personal property, creating a framework for securing debts and financing statements.
Equipment
Tangible property or tools that are used in the process of producing goods or providing services.
Bankruptcy Trustee
An appointed individual responsible for managing the estate of a debtor during bankruptcy proceedings, including assets distribution to creditors.
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