The term ________ is the designation for property acquired by the debtor after a security agreement covering the property is made.
A) post-dated property
B) after-acquired property
C) profits
D) post-acquired property
E) subsequently acquired property

Question

Quizplus · Accepted Answer

The correct term is "after-acquired property," which refers to property that a debtor acquires after a security agreement is already in place. This term is commonly used in the context of secured transactions.

The Term ________ Is the Designation for Property Acquired by the Debtor