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Match Each Definition with the Correct Term

question 13

Multiple Choice

Match each definition with the correct term.
-spiral


Definitions:

Security Interest

A legal claim or right granted over an asset to secure the performance of an obligation, typically the repayment of a loan.

Enforceable Security

A financial instrument or an interest in property that can be legally upheld and enforced in a court of law.

Attachment

A legal process by which a court orders the seizure of property to secure the satisfaction of a judgment or as a means of obtaining jurisdiction.

Perfection

The process or method by which a secured party obtains a priority in certain collateral belonging to a debtor against creditors or claimants of a debtor; it usually entails giving notice of the security interest, such as by taking possession or filing a financial statement.

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