Examlex
For sensation to occur, one must be able to understand and comprehend the incoming stimuli.
Liquidation
The process of closing a business and distributing its assets to claimants, often during bankruptcy.
Voluntary
Done, given, or acting of one's own free will without coercion or obligation.
Attachment
The point at which a creditor becomes the secured party that has a security interest in the collateral.
Secured Party
A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.
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