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One of these exceptions is the âabundance of cautionâ exception, in which a lien. on real estate has been taken as collateral in an abundance of caution. 12 C.F.R. Â§ 34.43(a)(2). For this exception to apply to the six Notes Receivable being considered here, there must be.
, poet, editor, publisher, five time Top Writer on Quora. To err is to make a mistake, an error. To err on the side of caution means that, given the human likelihood of error, you skew your actions or expressions in the direction of limiting risk rather than toward taking more risk. This page may be out of date.