SECURED TRANSACTION Definition

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SECURED TRANSACTION is the right to repossess goods as security for payment of a debt.

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MARKETABLE CAPACITY is an assessment of total capacity compared to that capacity that sales projections indicate that the market can absorb. Dependent upon demand, the analysis will indicate whether the marketable capacity is at capacity, over capacity (inflationary), or under capacity (deflationary).

LICENSE is a legal document giving official permission to do something.

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