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A response threshold is the
Seize Security
The act of taking possession of collateral or assets to satisfy a debt or enforce a legal judgment.
Personal Property Security Act
Legislation providing rules for the creation and registration of security interests in personal property as a way to secure payment or performance of an obligation.
Secured Transactions
Secured transactions are financial arrangements in which an asset is pledged as collateral for the loan, providing security to the lender that the borrower will fulfill the terms of the loan agreement.
Encumbrances
Legal claims or liens on property or assets that may restrict their use or transfer.
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