Examlex
The GLOBE framework of national culture includes the following dimension:
Perfection
The process or action of making something completely free from faults or as close to it as possible.
Secured Party
An individual or institution that holds an interest in a secured asset or collateral to secure repayment of a loan or other credit extension.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
Perfected Through Possession
A legal status indicating that a party's interest in a piece of property or an asset is fully secured and acknowledged legally because they possess it.
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