NEW DEBTOR Definition

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NEW DEBTOR is an entity that becomes bound as debtor by a security agreement previously entered into by another entity.

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LINE ITEM is one item from a group of many items, e.g. one inventory item from the list of all inventoried items or one budgeted item from a financial budget.

RELEVANT is having a bearing on or connection with the subject at issue, e.g. relevant revenues from sales of Model XXX.

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