The OTC Market Is a Link-Up of Dealers,with Stringent Listing

question 186

True/False

The OTC market is a link-up of dealers,with stringent listing and membership requirements.

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Definitions:

Perfected Interest

A legal claim or lien that has been formally acknowledged or registered, typically securing priority over others in the same asset or property.

Purchase-Money Security Interest

A legal claim or lien on an item of property that secures payment of the debt used to purchase the property.

Security Agreement

A legal contract that outlines the terms under which personal property is used as collateral for a loan, securing the repayment to the lender.

Financing Statement

A financing statement is a document filed by a secured party to give public notice of their interest in the personal property of a debtor, used to perfect a security interest under the Uniform Commercial Code.