Examlex
Define a Type 2 hypervisor, and provide two examples of a Type 2 hypervisor.
Secured Party
An individual or entity that has an interest, often provided by a security agreement, in the personal property of a debtor, which provides security for payment or performance of an obligation.
Collateral
Collateral refers to properties or assets that a borrower offers to a lender as security for a loan, which can be confiscated if the borrower fails to repay.
Debtor's Default
A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.
Debtor's Estate
The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.
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