A(n)________ is property that a debtor acquires post the execution of a security agreement.
A)floating lien
B)after-acquired property
C)attachment
D)future advance

Question

Quizplus · Accepted Answer

After-acquired property refers to any property that a debtor acquires after the execution of a security agreement and that becomes subject to the security interest. This property can be used as collateral for the debt. A floating lien is a security interest that covers a changing pool of assets, not specifically identified at the time the security agreement is executed. Attachment refers to the moment when a security interest in collateral becomes enforceable. Future advance refers to a loan that is made after a security agreement has been executed.

A(n)________ Is Property That a Debtor Acquires Post the Execution