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How does the concept of "opting out" work?
Impairment Of Collateral
A decrease in the value or usability of property or assets that have been pledged as security for a loan, potentially affecting the secured party's interest.
Discharge
The completion, termination, or fulfillment of a legal obligation, duty, or contract.
Negotiable Instrument
A written promise or order to pay a specific sum of money that is transferable from one person to another.
Reacquisition
The process of buying back or otherwise regaining possession of something previously sold, lost, or given away.
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