Examlex
Researchers have discovered that expert negotiators ask more than twice as many questions as average negotiators.
Debtor
An individual or entity that owes money or other obligations to another party, known as the creditor.
Secured Party
A lender or creditor that has a legal interest in the collateral offered by the debtor to secure a loan or other obligation.
Obligation
An obligation is a legal or moral duty to do or not to do something.
Purchase-Money Security
A legal interest or lien on a piece of property which secures the repayment of the funds used to purchase the property.
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