Secured Transaction

Question 1

secured transaction

Answer 1

created when a debtor seeks a loan and the entity giving the loan takes a special property interest in a specific piece of the debtor’s property to insure repayment of the loan

Question 2

security interest

Answer 2

special property interest in the collateral

Question 3

collateral

Answer 3

specific piece of the debtor’s property to insure repayment of the loan

Question 4

what is the mind map for a ST essay?

Answer 4

classify the collateral 
attachment 
     security interest created 
     debtor had rights in the collateral 
     creditor gave value
perfection 
priority 
default