A Security Agreement is a legal document used in modern loan agreements where personal property is used as collateral under the Uniform Commercial Code (UCC).
A chattel mortgage is a loan agreement in which personal property is used as collateral to secure a loan. Although it has largely been replaced by security agreements under the Uniform Commercial Code (UCC), it remains an important concept in finance and law.
A comprehensive guide to secured transactions, involving security agreements where personal or real property is pledged as collateral for performance or debt.
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