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Match Each Word Part Meaning with Its Correct Word Part

question 62

Multiple Choice

Match each word part meaning with its correct word part.
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Definitions:

Personal Property Security Act

Legislation that provides rules for secured transactions involving personal property, ensuring interests are protected and prioritized.

Chattel Security

A type of security interest granting a lender the right to repossess personal property used as collateral if the borrower defaults.

Consumer Goods

Products and services that are purchased for personal or household use.

Collateral

Goods or property used to secure a debt.

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