Examlex
Which of the following is not an example of next-generation enterprise applications?
Deficiency
A shortfall or lack, especially of something essential or required.
Floating Lien
A security interest in proceeds, after-acquired property, or property purchased under a line of credit (or all three); a security interest in collateral that is retained even when the collateral changes in character, classification, or location.
Collateral
Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.
Secured Creditor
A creditor with the advantage of a security interest in assets of the debtor, offering protection for the credit extended.
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