Examlex
Which of the following words best describes certainty?
Secured Transaction
A transaction in which the payment of a debt is guaranteed by personal property owned by the debtor.
Personal Property
Movable assets owned by an individual, as opposed to real property like land or buildings.
Debtor
An individual or entity that owes money or is legally obligated to make payments to another party.
UCC
Stands for the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
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