Examlex
What is the term for the network of friends, family members, neighbors, coworkers, and others who can offer help to a person in need?
Secured Transaction
A financial agreement in which property is pledged as collateral for a loan, granting the lender rights to the property if the borrower defaults.
Fiduciary Duty
Obligates an individual or organization to act in the best interest of another party, such as a trustee for beneficiaries.
Good Faith
The honest intent to act without taking an unfair advantage over another party in a transaction.
Security Interest
A legal claim or lien on property, both personal and real, granted to secure the performance of an obligation, usually the repayment of a debt.
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