Identify the Following Term(s)

question 25

Short Answer

Identify the following term(s).
-nawab

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Definitions:

Collateral

Assets pledged as security for repayment of a loan, subject to seizure on default.

Repossess Collateral

The act of taking back goods or property by a creditor or seller from the borrower or buyer due to defaults on payment terms.

Self-Help

A legal way to enforce a right or resolve a dispute by taking action oneself, within legal boundaries, rather than relying on law enforcement or judicial proceedings.

Intangible

An asset that does not have physical substance yet is often valuable, such as intellectual property or goodwill.