Examlex
Explain a creditor's three potential courses of action upon default.
Equilibrium Price
The price at which the quantity of a good or service supplied matches the quantity demanded, leading to a stable market condition.
Fine Imposed
A penalty, usually in the form of a monetary payment, levied by an authority on individuals or entities as punishment for violating regulations or laws.
Cockatoos
A group of large, colorful parrots with a distinctive crest, native to Australasia.
Smuggled
Illegally transported goods or persons across borders to avoid customs duties or immigration restrictions.
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