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3are the expected behaviors associated with a given status in society.
Take Possession
Take possession refers to the act of assuming physical control or ownership of a piece of property or asset.
Collateral
Assets promised as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay according to the terms of the loan agreement.
Security Agreement
A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral.
Collateral
Collateral refers to assets that a borrower offers to a lender to secure a loan, which can be seized if the loan is not repaid.
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