Examlex
A class of objects with one or more features in common ("and" concepts) is called a _____ concept.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to obtain a loan.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to provide consistency across states.
Perfected
A term typically used in law to describe a state where a security interest or lien is officially established or completed, ensuring protection and priority.
Secured Interest
An interest in personal property or fixtures that secures payment or performance to a creditor.
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