Examlex
The process behind the production of "Account Inc.," a suite of business accounting and inventory software, is protected by
Enforceable Security Interest
A legal claim or right granted to a creditor to secure repayment of a debt that can be enforced by law.
Commitment
An obligation or pledge to do something in the future, such as a promise made by a person or an institution to undertake certain actions.
Financing Statement
A document filed to give public notice typically of a secured transaction involving personal property, which helps establish the priority of the filer's interest in the property.
Collateral
Assets pledged by a borrower to secure a loan or guarantee repayment, which can be seized in case of default.
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