A secured transaction is created when a buyer or borrower (debtor) grants a seller or lender (creditor or secured party) a security interest in personal property (collateral). A security interest allows a creditor to repossess and sell the collateral if a debtor fails to pay a secured debt.
A secured transaction involves a sale on credit or lending money where a creditor is unwilling to accept the promise of a debtor to pay an obligation without some sort of collateral. The creditor requires the debtor to secure the obligation with collateral so that if the debtor does not pay as promised, the creditor can take the collateral, sell it, and apply the proceeds against the unpaid obligation of the debtor.
A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. Personal property is basically anything that is not real property. A fixture is personal property that has become so attached or adapted to real estate that it has lost its character as personal property and is deemed to be part of the real estate. An example would be a central air conditioning unit within a commercial building.
Las Vegas Nevada Agreement to Extend Security Interest
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Multi-State
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Las Vegas
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US-0790BG
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FAQ
He named the valley "Las Vegas," which translates roughly into "The Meadows," to acknowledge the wild grasses which grew in the nutrient rich desert soil with ample supply of water.
Known officially as Las Vegas Boulevard, the Las Vegas Strip is the most recognizable street in Las Vegas. It is home to the most famous hotels and s in the city, which makes it one of the most photographed and visited avenues in the world.
The Las Vegas Strip is well known for its lounges, showrooms, theaters and nightclubs; most of the attractions and shows on the Strip are located on the hotel properties.
Sin City Surprises: 9 Fun Facts About Las Vegas, NV Las Vegas is named after hidden underground wells. ... Las Vegas is the brightest place on Earth from outer space. ... Nearly 150 weddings occur every day in Vegas. ... Some of the biggest hotels in the US are in Las Vegas. ... 60,000 pounds of shrimp are consumed in a day.
By Mike Gavin ? Published February 1, 2024 ? Updated on February 1, 2024 at am. NBC Universal, Inc. The city's distinctive nickname has its origin in the early 1900s when illicit activities, including gambling and prostitution, became prevalent in Clarks County. The Super Bowl is coming to Sin City.
