Examlex
Which of the following is a difference between the enhancers and the competent loners?
Perfecting Security Interest
The legal process by which a secured party establishes a priority claim on a debtor's collateral in case of default.
Attachment
A legal procedure by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor or sold for benefit of the creditor.
Filing
The process of submitting documents to a designated body or authority (such as a court or public office) for official recording and recognition.
Continuation Statements
Documents filed to continue the effectiveness of a UCC financing statement beyond its original expiration date.
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