Examlex
In a transportation problem with total supply equal to total demand,if there are four origins and seven destinations,and there is a unique optimal solution,the optimal solution will utilize 11 shipping routes.
Financing Statement
A document filed to give public notice of a secured creditor's interest in the property of a debtor, usually used in securing personal property transactions.
Secured Party
A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.
Revised Article 9
An update to the Uniform Commercial Code that deals with secured transactions, outlining the rules regarding the granting of a security interest in personal property.
UCC
An all-encompassing body of laws, known as the Uniform Commercial Code, administers the conduct of commercial transactions throughout the United States.
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