Examlex
Which of the following words best explains the incentive theory of motivation?
Obligation
A legal or moral duty or responsibility one party has towards another.
Secured Party
A creditor or lender that holds a security interest in collateral to secure a debt.
Secured Property
Refers to assets that are pledged as collateral for a loan, providing the lender with security that the loan will be repaid.
Perfect
In legal and financial contexts, this term often refers to the act of making a security interest or claim valid and enforceable against third parties.
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