Examlex
The regular payback method is deficient in that it does not take account of cash flows beyond the payback period.The discounted payback method corrects this fault.
Guaranteed
Promised with certainty or underwritten with a promise of payment or performance.
Defaulted
Refers to the failure to meet a legal obligation or agreement, especially failing to make required payments on a loan.
Personal Property Security Act
Legislation that governs the creation and registration of security interests in personal property, aside from real estate, to secure payment or performance of an obligation.
Legislation
Laws enacted by Parliament or legislatures; also known as statutes.
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