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The Practice of "Bunkering" Involves

question 10

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The practice of "bunkering" involves:


Definitions:

Default

The failure to meet the legal obligations of a loan, typically by not making the required payments.

Re-Perfect

The act of renewing or restoring a security interest or claim in property to its original status or priority, generally after it has been lapsed or compromised.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a loan or obligation.

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's asset, used in securing financing.

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