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Junia Akter
on Nov 01, 2024

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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.
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JK
Jonathan KreiserNov 01, 2024
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