Examlex
____________ refers to an internal state that activates and gives direction to thoughts and behaviors.
Perfected Interest
A legal term indicating that a security interest in a property or asset has been legally established and prioritized over others.
Financing Statement
A document filed to give public notice of a secured party's interest in the debtor's collateral under the Uniform Commercial Code.
Luxury Goods
High-quality and often expensive products that are not essential but perceived as highly desirable within a specific culture or society.
Termination Statement
An amendment to a financing statement which states that the debtor has no obligation to the secured party.
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