Examlex
Which of the following statements is true of managing diversity?
Collateral
Property or assets pledged as security for the repayment of a loan, subject to seizure on default.
Secured Unperfected Creditor
A creditor that has a security interest in the debtor's property but has not completed all legal steps or filings to perfect the claim.
Financing Statement
A document filed to give public notice of a secured party's interest in the debtor's collateral.
Security Interest
A legal claim or right granted over assets to secure the performance of an obligation, usually repayment of a loan.
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