Examlex
What do the RICO (Racketeer Influenced and Corrupt Organizations) statutes address?
Collateral
Assets pledged by a borrower to secure a loan or other credit, which the lender can seize if the borrower defaults.
PMSI
Purchase Money Security Interest, a legal claim that allows a lender to repossess or foreclose on property if the borrower defaults, specifically when the loan was used to purchase the property.
Priority Rule
A principle in law that determines the precedence of claims, rights, or interests in order to resolve conflicts between parties.
Inventory
The total amount of goods and materials held in stock by a business, intended for sale or production purposes.
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