Examlex
Define a caucus and explain its function in elections.
Secured Goods
Items that are used as collateral for a loan or are subject to a security interest, ensuring the fulfillment of an obligation.
Acceleration
A provision in a mortgage agreement that allows the mortgagee to demand the entire balance due when the mortgagor misses a single installment payment.
Debt Due
The amount of money that is owed and should be paid, typically by a specific deadline or upon demand.
Priority Loan
A type of loan that is given precedence over other debts, often in the context of repayment terms and bankruptcy proceedings.
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