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Security Interests
A lawful demand or security interest on assets that have been offered as a guarantee, typically to ensure the repayment of a borrowed sum.
Time of Perfection
The point at which a security interest is legally established against third parties, typically by filing or possession.
Time of Attachment
The point at which an interest, typically a security interest, becomes legally binding on the asset to which it attaches.
Right of Redemption
A legal right that allows a debtor to reclaim their property or mortgaged estate after paying off their debts, even after foreclosure.
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