Examlex
What is sensory memory? Explain its various aspects.
Perfection
In finance and law, the process of securing a claim or interest in an asset, typically making it enforceable against third parties.
Legal Steps
Defined actions and procedures prescribed by law that must be undertaken to establish legal rights or resolve legal disputes.
Collateral
An asset offered to secure a loan or obligation, which can be seized by the lender if the borrower fails to repay.
Secured Transaction
A transaction in which the payment of a debt is guaranteed by personal property the debtor owns.
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