Examlex
How do intercompany transactions affect the calculation of capital gains/losses?
Security Interest
A legal claim or lien on collateral or property, given by the borrower to the lender, to secure repayment of a loan.
Purchase-Money Security Interest
A legal claim that allows a lender to repossess or foreclose on property financed through debt if the borrower defaults, specifically relating to the item purchased.
After-Acquired Property
Refers to assets or property acquired by a debtor after the execution of a loan agreement which may subsequently become subject to the lender's security interest.
Buyer In Ordinary Course Of Business
Describes a purchaser who buys goods in good faith and without knowledge that the sale violates another party's ownership rights or interests.
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