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What is the efficiency factor?
Financing Statement
A document filed to give public notice that a lender has a security interest in a debtor's assets, typically used in secured transactions.
Enforceable Security Interest
A legal claim or right on property or assets that can be legally upheld by a court to secure the repayment of a debt.
Security Agreement
A legal document that provides security interest in movable assets or personal property by the debtor to the creditor as collateral for a loan.
Automatically Perfected
Refers to a security interest that is deemed perfected without the need for any additional filing or action by the secured party.
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