The delivery of personal property to a creditor as security for the payment of a debt is:
A) perfection.
B) a pledge.
C) attachment.
D) a general intangible.

Question

Quizplus · Accepted Answer

The delivery of personal property to a creditor as security for the payment of a debt is known as a pledge. This is a common form of security interest in which the creditor holds the property (or "pledge") until the debt is repaid.

The Delivery of Personal Property to a Creditor as Security