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Examine the image below: What tool is being used in the image?
Unsecured Parties
Creditors or entities that hold claims or debts without a guarantee or collateral to secure the debt.
Secured Creditors
are creditors who hold a security interest in the debtor's assets as collateral for the money lent, giving them a claim to such assets in case of default.
Secured Interest
A legal claim or lien on collateral that gives a creditor the right to take property if a debtor fails to fulfill their obligations.
Personal Property
Personal property refers to movable property that is not fixed to one location and can include items like vehicles, furniture, and electronics.
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