Examlex
Define each of the following and briefly explain why it is relevant to the study of political parties.
-Citizens United.
Collateral
Property or assets pledged as security for a loan, which can be seized by the lender if the loan is not repaid.
Defaulted On The Loan
A situation in which a borrower fails to make the agreed-upon payments on a loan within the specified time, leading to a breach of the loan agreement.
Security Interest
A legal claim or right granted to a creditor over the debtor's assets as collateral for a loan.
Monthly Payments
Regular payments made once a month, often in the context of loans, rent, or subscriptions.
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