Examlex
What is a nested selection structure? How do primary and secondary decisions relate to a nested selection structure?
UCC
An all-encompassing body of laws, known as the Uniform Commercial Code, administers the conduct of commercial transactions throughout the United States.
Secured Transactions
A financial arrangement where the borrower guarantees the repayment of a debt by giving the lender a security interest in certain assets as collateral.
Security Interest
A legal claim or right granted by a debtor to a creditor over the debtor's property, securing the payment of a debt or performance of some other obligation.
Collateral
An asset offered by a borrower to secure a loan or other credit, which the lender can seize if the loan is not repaid.
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