Examlex
What is a concern when monitoring a layer 3 (hierarchical) network that is not a concern when monitoring a layer 2 (flat) network?
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.
Revised Article 9
An update to the Uniform Commercial Code that deals with secured transactions, outlining the rules regarding the granting of a security interest in personal property.
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