with the given words below fill in the blank
Perfection Cross Collateralization Secured Creditor Redemption Debtor Lien Collateral Purchase Money Security Interest Buyer in the Ordinary Course of Business UnderSecured Line of Credit Financing Statement Inventory Equipment A is a person holding a lien that is subordinate to one or more other lienholders. A is a document prepared by a secured creditor and filed with the government to give notice to the public that the creditor has an interest in the debtor's property or collateral. A debtor who fails to pay a debt as it becomes due. is the property that is the subject of the security interest. Goods bought for sale are A is the interest in the collateral. A is a person to whom money is owed. Choose... Choose... Choose... Collateral Choose... Choose... Choose... 0 0 0 0 0 0 0 Proceeds Security Interest Security Agreement Floating Lien Consumer Goods Senior Lienholder Creditor Junior Lienholder Defaults After-Acquired Property Unsecured Creditor Perfection Cross Collateralization Secured CreditorAn creditor is when the value of the debt is more than the value of the collateral. A allows the debtor to borrow money recurrently. Goods bought for use in a business are is property the debtor acquires after the security agreement. are the cash received when the collateral is sold. A is a security interest in collateral that changes, such as inventory or shifting stock of goods (raw material). A is a person who owes money to another. A is a creditor with an interest in collateral. Choose... Choose... Inventory Choose... Choose... Choose... Choose... Choose... 0 0 0 0 0 0 0 0 A is a security interest created when a seller or creditor extends credit to the debtor to Choose... + purchase a specific item. A is a claim against specific property ~ usually real property ~to secure a Choose... debt. Goods used or bought for personal, family or household purposes Choose... are A debtor's right to repurchase collateral taken by the creditor due to the debtor's Choose... default, is known as the debtor's right ofA buyer who purchases goods in the ordinary course of business without knowledge that the goods are collateral for the seller's creditor, is known as a is the use of an asset not the subject of the loan to collateralize that loan. A creates a security interest between the debtor and a secured creditor. The legal process by which secured parties protect themselves against claims of third parties who want the same collateral to satisfy their debt, is known as An is a creditor whose debt is not protected by an interest in collateral. A is a person holding the first lien on property. Choose... Choose... Choose... Choose... Choose... Choose... 0 0 0 0 0 0
