TERMINOLOGY (see UCC Art. 9 “Definitions”) Debtor: The person who owes payment or performance of the obligation secured Secured Party (“Creditor”): A lender, seller or other person in whose favor there is a security interest Security agreement: The...Security Agreement • July 24th, 2013
Contract Type FiledJuly 24th, 2013Security interest: An interest in personal property or fixtures which secures payment or performance of an obligation