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When the U.S. government runs a deficit, the resulting higher interest rate:
Repossessed
The act of a lender taking back an object, typically a vehicle or property, from the borrower due to failure to make the agreed-upon payments.
Legal Processes
Formal procedures and practices followed in the administration of justice, including litigation and judicial decisions.
Financing Statement
A document filed to give public notice to third parties of a security interest in personal property.
Legal Terminology
Specialized language used in the field of law, encompassing terms, phrases, and principles pertinent to legal proceedings and documentation.
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