A security agreement sets out the rights, obligations, and remedies available to both parties.

Name: A security agreement sets out the rights, obligations, and remedies available to both parties.
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A security agreement typically outlines the terms of a secured transaction and sets forth the details of the collateral used to secure the debt. It also establishes the rights and responsibilities of both the borrower and lender, including the remedies available if the borrower defaults on the loan.

A Security Agreement Sets Out the Rights, Obligations, and Remedies