Examlex
Discuss the differences between one-shot bargaining situations and repeated situations. Will the situations produce different bargaining strategies? Explain why or why not.
Secured Parties
Creditors that hold an interest in a debtor's collateral as security for the repayment of a loan or obligation.
Collateral
Collateral that a borrower offers to a lender to secure a loan or credit, which the lender can take possession of if the borrower fails to meet the repayment terms.
Perfection
The process or action of making something completely free from faults or as close to it as possible.
Secured Party
An individual or institution that holds an interest in a secured asset or collateral to secure repayment of a loan or other credit extension.
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