The Secured Accounts Clause Samples

The "Secured Accounts" clause defines which accounts are subject to a security interest under the agreement, typically identifying specific bank or financial accounts that serve as collateral for a loan or other obligation. In practice, this clause will list or describe the accounts that the lender can claim against if the borrower defaults, and may set requirements for how these accounts are maintained or controlled. Its core function is to clearly identify the assets that secure the lender’s interest, thereby reducing ambiguity and protecting the lender’s ability to recover funds in the event of non-payment.