Examlex
All of the following appear on the direct materials purchases budget except:
Secured Party
An individual or entity that holds an interest in a debtor's property as security for a debt, giving them claims over the property if the debt is not paid.
Creditor
An individual, organization, or entity to whom money is owed by a debtor.
Security Interest
A security interest is a legal right granted by a debtor to a creditor over the debtor's property as collateral for a loan.
Individual Retirement Account
A financial account that provides tax advantages for retirement savings in the United States.
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