Examlex
Which of the following is a generic strategy option?
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property pledged as collateral for a loan.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower defaults.
Value
The importance, worth, or usefulness of something, often determined by its desirability, utility, or rarity.
UCC
A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across jurisdictions.
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