Examlex
Match each definition with the correct term.
-spiral
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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