Examlex
What kinds of runouts can exist on a multiview print?
Prior Perfected
A legal status indicating that a security interest or lien has been formally established and has priority over others in the same property.
Security Interest
A lawful assertion or encumbrance on property used as security, often aimed at guaranteeing loan repayment.
Trustee in Bankruptcy
An individual or entity appointed to oversee and administer the estate of a bankrupt entity to ensure fair distribution of assets to creditors.
Default
Failure to fulfill a legal obligation, especially failing to make required payments on a loan.
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