Examlex
Explain how technology has changed the role of the consumer for today's marketers.
Unsecured Party
A creditor or lender that does not have rights to specific collateral if the borrower defaults.
Collateral
The property that is subject to a secured interest.
Collateral
An asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.
Secured Party
An entity or individual that holds an interest in a debtor's property as security for a debt or obligation, ensuring priority claim over the property if the debt is not repaid.
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