If an owner sells you goods that have been pledged as security for a loan,the claim against those goods is known as

Question

Quizplus · Accepted Answer

A security interest is the correct term for a claim against goods that have been pledged as security for a loan. This legal right or interest is granted to the lender or creditor, giving them a right to repossess or take ownership of the goods if the borrower defaults on the loan.

If an Owner Sells You Goods That Have Been Pledged