When a Company Builds a Subsidiary from Scratch in a Foreign

question 163

True/False

When a company builds a subsidiary from scratch in a foreign country it is called a greenfield venture.

---

Definitions:

Personal Property Security Act

Legislation providing rules for the creation and registration of security interests in personal property as a way to secure payment or performance of an obligation.

Secured Transactions

Secured transactions are financial arrangements in which an asset is pledged as collateral for the loan, providing security to the lender that the borrower will fulfill the terms of the loan agreement.

Encumbrances

Legal claims or liens on property or assets that may restrict their use or transfer.

Automobile Association

An organization dedicated to serving the interests of vehicle owners and drivers by offering services like roadside assistance, travel planning, and insurance.