Asked by
Junia Akter
on Nov 01, 2024Verified
A(n) ________ provision in the security agreement allows the security interest of the creditor to also apply to goods the debtor acquires at a later time.
A) forbearance
B) attachment
C) floating lien
D) acceleration
Floating Lien
A floating lien is a type of security interest or charge over a pool of changing assets, such as inventory or accounts receivable.
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property that serves as collateral for a loan.
- Recognize the various forms and characteristics of secured transactions.
Verified Answer
JK
Learning Objectives
- Recognize the various forms and characteristics of secured transactions.