Examlex
What is a version control software?
Proceeds
Something that is exchanged for a debtor’s sold collateral.
Secured Party
A lender or creditor who has an interest in the collateral securing a loan or credit agreement.
UCC
Short for Uniform Commercial Code, it is a comprehensive set of laws governing all commercial transactions in the United States.
Collateral
Collateral refers to properties or assets that a borrower offers to a lender as security for a loan or credit, and that can be taken by the lender if the borrower fails to pay back the loan.
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