Examlex
Which of the following is most likely an example of a relationship of circumstance?
Attachment
The point at which a creditor becomes the secured party that has a security interest in the collateral.
Secured Party
A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.
Collateral
Assets that a borrower offers to a lender to secure a loan, which the lender may seize in the event of loan default.
Intangibles
Assets that lack physical form but have value, such as intellectual property or goodwill.
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