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Perfected
In legal and financial contexts, refers to having completed all necessary legal steps to enforce rights regarding a security interest against third parties.
Proceeds
The total amount of money or assets derived from a transaction, such as the sale of goods, property, or a business activity.
Collateral
An asset pledged as security for the repayment of a loan, forfeitable in the event of a default.
Financing Statement
A document filed to give public notice that a creditor has a security interest in the debtor's collateral, used in securing transactions.
Q3: _ is the abbreviation commonly used to
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