Examlex
Describe the steps in an improvement process.
Collateral
An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.
Attachment
A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.
Enforceable
A description of a legal agreement or contract that can be upheld or compelled by law.
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