Examlex
Steroid hormones are first produced in an inactive form.
Secondarily Liable
Refers to a party who is indirectly responsible for a debt or obligation, where primary liability lies with another party, but the secondary party may be called upon to fulfill the obligation if the primary fails to do so.
Collateral
Assets that are pledged as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay the loan as agreed.
Primarily Liable
Refers to the party who holds the initial or most significant responsibility for fulfilling an obligation or debt.
Lien
A legal right or claim against a property by a creditor, ensuring payment of a debt or fulfillment of an obligation.
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