Examlex
When it comes to decision-making customs,North American executives
Principal Debtor
The main individual or entity obligated to repay a debt on which a security may be claimed.
Surety
A person or entity that takes responsibility for another's performance of an obligation, such as the payment of a debt.
Payment
The transfer of money, goods, or services as compensation for an obligation or debt.
Collateral
refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.
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