Examlex
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Five-Year Period
A fixed duration of time equaling five years, often used in contracts, legal agreements, or statutes of limitations.
Perfection
In the context of secured transactions, the legal process by which a secured party establishes the priority of its security interest against third parties.
Financing Statement
A document filed to give public notice of a secured creditor's interest in the property of a debtor, usually used in securing personal property transactions.
Secured Party
A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.
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