Saf-T Lenders,Inc.,takes possession of Tiara's stock in Urgent Care Corporation to perfect Saf-T's security interest in the stock.This is

Name: Saf-T Lenders,Inc.,takes possession of Tiara's stock in Urgent Care Corporation to perfect Saf-T's security interest in the stock.This is
Brand: Quizplus
Rating: 5.0 (50 reviews)

Question

Quizplus · Accepted Answer

A pledge involves taking possession of personal property as security for a debt or obligation, which is what Saf-T Lenders, Inc. is doing with Tiara's stock.