A legal claim that allows creditors to liquidate loan collateral is a

Name: A legal claim that allows creditors to liquidate loan collateral is a
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A lien is a legal claim that allows creditors to liquidate loan collateral, which means that they can take possession of and sell the property to satisfy the debt. A loan is an agreement to borrow money, a note is a written promise to repay a debt, and a security claim is a general term for any legal claim against property given as collateral for a loan.

A Legal Claim That Allows Creditors to Liquidate Loan Collateral