Examlex
What is the difference between success-sharing plans and risk-sharing plans?
Perfection
The series of legal steps a secured party takes to protect its right in the collateral from the other creditors who want their debt returned through the same collateral.
Security Interest
A legal claim or right granted over property to secure the payment of a debt or obligation.
Financing Statement
A document that lists the names and addresses of all the parties involved in the transaction, a description of the collateral, and the signature of the debtor.
Federal Trade Commission
A United States federal agency established to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.
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