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question 73

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Definitions:

One Percent

Often refers to the segment of the population that holds a disproportionately large share of wealth and economic power.

Security Interest

A legal right or claim on assets granted to a creditor to secure the repayment of a debt or obligation.

Perfection

The process of securing a security interest against third parties, especially in relation to secured transactions.

Secured Party

A lender or seller who holds a security interest.

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