Examlex
Your instructor hands you a closed flask of room-temperature water. When you hold it, the heat from your bare hands causes the water to boil. Quite impressive! How is this accomplished?
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property pledged as collateral for a loan.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower defaults.
Value
The importance, worth, or usefulness of something, often determined by its desirability, utility, or rarity.
UCC
A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across jurisdictions.
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