Examlex
By-products can only be recognized at the time of sale.
Financing Statement
A document filed by a creditor to indicate a security interest in the assets of a debtor, typically used in secured transactions.
Trade Name
The commercial name under which a business operates and is known to the public, distinct from the business's legal name.
Collateral
An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.
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