Examlex
Explain what is meant by affirmative action. What necessitated the need for affirmative action? How have people responded to affirmative action?
Security Interest
A legal right or claim on assets granted to a creditor to secure the repayment of a debt or obligation.
Perfection
The process of securing a security interest against third parties, especially in relation to secured transactions.
Secured Party
A lender or seller who holds a security interest.
Mortgagor
The borrower in a mortgage agreement who pledges property to the lender as security for the loan.
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