A security interest may apply to personal property that is not yet in the debtor's possession.

Name: A security interest may apply to personal property that is not yet in the debtor's possession.
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Quizplus · Accepted Answer

A security interest can indeed apply to "after-acquired property," which refers to property that the debtor acquires after the security agreement is made. This allows creditors to secure interests in property that the debtor does not yet own at the time the security agreement is executed.

A Security Interest May Apply to Personal Property That Is