Examlex
___________is the process whereby a receiver perceives a sent message and interprets its meaning.
Financing Statement
A document filed to give public notice to third parties of a secured party's interest in the collateral offered by a debtor.
Perfect
To complete or make flawless; in legal terms, it often refers to making a claim or security interest legally valid or enforceable.
Insuring
The act of providing or arranging insurance as protection against a possible eventuality.
Collateral
An asset that a borrower offers to a lender as security for a loan, which can be seized if the borrower fails to repay the loan.
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