Types of collateral

Question 1

What are the different types of collateral?

Answer 1

(1) consumer goods
(2) inventory
(3) farm products
(4) equipment
(5) fixtures
(6) accessions
(7) commingled goods
(8) negotiable instruments
(9) chattel paper
(10) accounts receivable
(11) deposit accounts
(12) investment property
(13) proceeds

Question 2

What are the two kinds of proceeds?

Answer 2

(1) cash

(2) non-cash