Examlex
Which mediation style doesn't the mediator express opinions with respect to the facts of the case or the reasonableness of the participants' negotiating positions?
Repossesses Collateral
The act of taking back possession of property used as collateral in a loan agreement, typically after a default by the borrower.
Surplus
The amount by which revenues, resources, or supplies exceed what is needed or used; in finance, it refers to profit or the amount by which income exceeds expenditures.
Revised Article 9
An update to the Uniform Commercial Code that deals with secured transactions; it governs the process of securing assets to back a loan.
UCC
The Uniform Commercial Code is a widespread legislative schema that guides all commercial operations in the United States.
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