Proceeds from the Disposition of Collateral After Default Are Distributed

question 36

True/False

Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the debtor.

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Definitions:

Productivity

The measure of efficiency in which goods or services are produced, often evaluated in terms of output per unit of input.

Transformational Grammar

A theory of grammar that considers the syntactic structures of language as being generated by a set of rules.

Deep Structure

In linguistics, the underlying syntactic structure or meaning of a sentence, as opposed to the surface structure which is how the sentence is expressed verbally.

Surface Structure

In linguistics, the term refers to the outward form of a sentence, which can vary without altering its deep structure or meaning.