Examlex
When the documents display side by side,the ________ command is active by default.
Secured Transaction
Any transaction in which the payment of a debt is guaranteed, or secured, by personal property owned by the debtor or in which the debtor has a legal interest.
Collateral
Assets or property pledged as security for the repayment of a loan, subject to seizure on default.
Foreclosure
A proceeding in which a mortgagee either takes title to or forces the sale of the mortgagor’s property in satisfaction of a debt.
Repossess
The act of taking back possession of property by a seller or lender from the buyer or borrower, typically due to failure in payment.
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