Examlex
Which of the following tribes is NOT a member of the Iroquois Confederacy?
Security Interest
A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.
Enforceable Security Interest
A legal claim or lien on collateral that secures the fulfillment of a debt or obligation, which can be enforced in court.
Escrow
A financial arrangement where a third-party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealing.
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