Examlex
How did the British have to change their military strategy after France entered the war on the American side?
Security Interest
A legal right or claim on assets granted to creditors to secure loan repayments, typically collateralized by the asset itself.
Perfected
Refers to the completion of all necessary legal steps or procedures to enforce rights, often used in the context of securing interests in collateral under law.
Possession
The act of having physical control over property or goods, with or without the right to own them.
Prescribed Hold-Back
A specific amount of money withheld from a contractor to ensure all obligations are met before full payment.
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