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Cissy looks up a number in the phone book, pushes the book away, and then dials the number. Why does she discourage any interruptions during this process?
Secured Creditor
A creditor that may look to particular assets of the debtor to ensure payment of the debt.
Chattel Mortgage
A chattel mortgage is a loan agreement where personal movable property is used as collateral for the loan, and the borrower retains possession while the lender has a security interest.
Registered
The status of having officially recorded information in a formal registry or database, typically to confirm authenticity or compliance.
Priority
The established right or order of precedence, often in the context of legal claims, debts, or interests over assets.
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