Detachment means that the creditor has an enforceable security interest against the debtor,and can satisfy the debt out o the designated collateral.

Name: Detachment means that the creditor has an enforceable security interest against the debtor,and can satisfy the debt out o the designated collateral.
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Question

Quizplus · Accepted Answer

Detachment is not a legal term related to security interests. The correct term is "attachment," which refers to the process by which a security interest becomes enforceable against the debtor.

Detachment Means That the Creditor Has an Enforceable Security Interest