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Select the Meaning of the Underlined Word in the Sentence

question 233

Multiple Choice

Select the meaning of the underlined word in the sentence.
Nowadays, homeopathic treatments have become as ubiquitous as they are useless.


Definitions:

Personal Property Security Act

Legislation that provides a legal framework for the creation and registration of security interests in personal property (assets other than real estate) to secure payment or performance of an obligation.

Guaranteed

A promise or assurance, often backed by an entity or document, that certain conditions will be fulfilled or met.

Security Interest

A legal claim or right granted over an asset to secure the performance of an obligation, typically repayment of a loan.

Overages

Extra charges incurred when a project goes over its budget, often applied in construction, film production, or retail leasing contexts.

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