Examlex
Which of the following are not correctly paired?
Collateral
Property or assets pledged as security for repayment of a loan, subject to seizure by the lender in case of default.
Legally Enforceable
A term describing an agreement or contract that is recognized by legal authorities and can be upheld in court.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure a debt or loan, affording the lender a right to repossession if the debtor defaults.
Debtor's Property
Assets owned by an individual or entity (debtor) that owe money to creditors, which may be subject to claims or liens.
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