Examlex
Which of the following are valid reasons advanced by almost all economists? Protectionism
Pledge
The transfer of collateral to a secured party.
Collateral
Assets pledged by a borrower to secure a loan or credit, which the lender can seize if the borrower defaults on the repayment.
Perfection
In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.
Secured Interest
A property interest created by agreement or by law over assets to secure the performance of an obligation, usually the payment of a debt.
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