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Pam has suffered from insomnia for the last few years and it really affects her everyday life. However, Pam's husband Jim claims that Pam is exaggerating and that she sleeps every night and often even snores! To prove he's right (and to help his wife) , Jim asks Pam to go to a sleep clinic to test her insomnia. Jim, on the other hand, is a sleeper who routinely gets at least nine hours of sleep at night.
-Which of the following is most likely
Proceeds
The amount of money received from a sale or transaction, often after deducting costs or expenses.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make the required payments.
Debtor
A person or organization that has a debt or financial liability to another entity.
Perfection
A legal process that gives a secured creditor priority over claims from other creditors regarding a debtor's asset.
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