An Interest in Personal Property or Fixtures That Secures Payment

question 45

Multiple Choice

An interest in personal property or fixtures that secures payment or performance of an obligation is called a:

• A) guaranty holding.
• B) security interest.
• C) guaranty interest.
• D) good-faith guaranty.

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Definitions:

Italian Americans

A group of Americans of Italian descent, who have contributed significantly to American society, culture, and economy.

Little Italy

Neighborhoods in various cities characterized by a prominent Italian American presence, culture, and business community.

Affirmative Action

Policies or procedures intended to address historical inequalities and discrimination by providing advantages in education, employment, and other areas to groups that have been marginalized.

Federal Government

The national government of a federal state, which holds the authority to govern matters that affect the entire country, distinct from state or local governments.