KB Version 2

Average score: 0 (total votes: 0)

1. The items of property of a debtor assigned, granted, hypothecated, mortgaged or transferred as 'security' by the debtor to a mortgagee or secured party to support repayment of a secured obligation. The mortgagee or secured party will have a priority claim superior to the claims of other creditors in the collateral to repay the secured obligation.
2. View definitions of Collateral here.

Printed from http://uccstuff.com?function=display&id=ID030750.