Examlex
Explain the difference between joint venture and direct investment market entry strategies. What are the advantages and disadvantages of each approach?
Security Agreement
A legal contract in which a borrower pledges an asset as collateral for a loan, securing the interest of the lender.
Security Interest
A security interest is a legal claim or lien on collateral, granted to a lender or creditor to secure repayment of a debt or loan.
Perfected
In legal terms, it refers to the completion of all required steps to enforce a security interest or lien against third parties, particularly after default.
Priority
The established order of importance or urgency given to claims, debts, rights, or actions in legal, financial, or other operational contexts.
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