Perfected refers to security interests that have been established publicly through one of the methods of perfection to gain priority. Among competing security interests, a security that is perfected will prevail over other unperfected...
money and financial problems
perfection
Perfection is the process of publicly establishing a security interest in collateral for purposes of gaining priority. Among competing security interests, a security that is perfected will prevail over other unperfected security interests (...
phone and telemarketing fraud
Phone and telemarketing fraud is a criminal activity involving a scheme through telephone communications. The criminal communicates via telephone contact to fraudulently divest money or property of the victim. The criminal generally relies on...
PMI
PMI is an abbreviation for private mortgage insurance, which is a type of insurance that insures the mortgagee, as the lender, against losses resulting from a breach of the mortgagor's obligation to repay the loan.
PMI is...
policyholder
Policyholder is a person or entity that owns an insurance policy, and is also referred to as a policy owner. A policyholder enters an insurance policy with an insurance company and is the individual to whom the policy is issued as stated in...
Ponzi scheme
Ponzi schemes are a type of investment fraud in which investors are promised artificially high rates of return with little or no risk. Original investors and the perpetrators of the fraud are paid off by funds from later investors, but there...
possessory lien
A possessory lien is a type of interest that grants possessory rights to the creditor until the borrower has satisfied their obligation. A lien generally lasts until the debtor pays off the debt or the obligation that secures the debt is...
pot trust
Pot trusts (also called family pot trusts, discretionary trusts, or sprinkling trusts) are a type of trust where the trustee is allowed to give funds to the beneficiaries according to their relative needs. Pot trusts are created by parents...
power of sale clause
Power of sale clause is a provision in many secured loans that allow lenders to receive a non-judicial foreclosure on the assets securing loans in default. Typically, a lender must go through a lengthy judicial process for taking over assets...
preferred stock
Preferred stock are shares issued from a company that have priority in receiving dividends and other benefits over common stock. The exact benefits offered by a preferred stock may vary, but all have some form of priority over common...