After-Acquired Collateral - Explained
What is After-Acquired Collateral?
Written by Jason Gordon
Updated at April 6th, 2023
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What is After-Acquired Collateral?
After-acquired collateral refers to property pledged as security for a loan. The lender agrees to extend a loan that will be secured by the assets that the borrower acquires after the loan is made (after-acquired collateral).
Back To: COMMERCIAL LAW: CONTRACTS, PAYMENTS, SECURITY INTERESTS, & BANKRUPTCY
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