Examlex
What judges perform virtually all tasks carried out by district court judges, except trying and sentencing felony defendants?
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.
Financing Statement
A document filed to give public notice that a creditor has a security interest in the property of a debtor, often used in secured transactions.
Enforceable Security Interest
A legal claim or right granted to a creditor to secure repayment of a debt that can be enforced by law.
Commitment
An obligation or pledge to do something in the future, such as a promise made by a person or an institution to undertake certain actions.
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