Examlex
What are the various functional outcomes of conflict?
Defaulted
Refers to the failure to meet a legal obligation or agreement, especially failing to make required payments on a loan.
Personal Property Security Act
Legislation that governs the creation and registration of security interests in personal property, aside from real estate, to secure payment or performance of an obligation.
Legislation
Laws enacted by Parliament or legislatures; also known as statutes.
Secured Creditors
Creditors that have a legal claim on specific assets of the debtor as collateral for the debt, providing them with a level of protection in case of bankruptcy.
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