Examlex
________ not the direct result of prevailing longshore current action.
Tangible
Refers to physical objects or assets that can be seen and touched.
Electronic Record
A document or data that is created, stored, and retrievable in electronic form.
Automatic Perfection
A condition in secured transactions where a security interest in collateral is considered perfected immediately upon attachment without the need for additional steps.
Financing Statement
A document filed to give public notice that a creditor has or may have an interest in the personal property of a debtor (a move often associated with secured transactions).
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