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Certificate of Title
A legal document that provides proof of ownership of a piece of property, such as land or a vehicle.
Perfection
The legal process of securing a claim or interest in a borrower's collateral, making it enforceable against third parties.
Financing Statement
A document filed to give public notice of a security interest in personal property, securing payment or performance of an obligation.
Ordinary Course
An action or routine that falls under the usual and customary conduct of a business or an individual’s daily activities.
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