A security agreement contains the terms of payment and names of the parties.

Name: A security agreement contains the terms of payment and names of the parties.
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A security agreement is a legal document that outlines the terms of a loan, including the amount of the loan, the interest rate, the repayment schedule, and the collateral that secures the loan. The security agreement also names the parties to the loan, the borrower and the lender.

A Security Agreement Contains the Terms of Payment and Names