Examlex
An 8-year-old child who scored like an average 10-year-old on an intelligence test would have a mental age of __________ and an IQ of __________
Assign
To transfer property by sale, mortgage, pledge, or otherwise.
Floating Lien
A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.
Inventory
Goods held for sale or lease, or raw materials used or consumed in a business.
Graduated-Payment Mortgage
A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.
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