Under the Uniform Commercial Code,a Secured Interest Is an Interest

question 104

True/False

Under the Uniform Commercial Code,a secured interest is an interest in personal property or fixtures which secures payment or performance of an obligation.

---

Definitions:

Affordability Trap

A situation where individuals or families are unable to save for the future or improve their socio-economic status due to high living costs relative to their income.

Base-Of-The Pyramid Markets

Economically disadvantaged segments that represent a large, but often underserved, group of consumers at the bottom of the economic pyramid.

Reverse Innovation

The process of taking innovations developed in emerging markets and repackaging them for developed markets.

Emerging Markets

Countries with social or business activity in the process of rapid growth and industrialization, often characterized by high investment potential.