Examlex
Food is digested so that
Personal Purposes
Activities or objectives pursued for an individual’s own private, personal, or household reasons, as opposed to professional or business reasons.
Perfected Security Interest
A perfected security interest is a legal state where a creditor has completed all necessary steps to establish and maintain priority over other creditors concerning a debtor's asset.
Financing Statement
A document filed to give public notice of a security interest in property, used to perfect a secured creditor's interest in the collateral.
Payment Plan
An agreement to pay a debt in specified amounts over a set period.
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