Examlex
Match the terms with their correct descriptions/definitions.
-Musical sounds heard during expiration
Secured Party
An individual or entity that has a legal interest or lien on a debtor's property, secured by a security agreement, ensuring priority payment in case of debtor's default.
Collateral
Property or other assets that a borrower offers to a lender to secure a loan.
Court Order
An official directive issued by a judge that requires a party to do or refrain from doing something.
Bankruptcy Code
A federal law that outlines the various procedures for conducting bankruptcy cases, allowing debtors to eliminate or reorganize their debts under the supervision of the court.
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