When personal property is used as collateral to back up a loan, the note created is a:

Name: When personal property is used as collateral to back up a loan, the note created is a:
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When personal property is used as collateral to secure a loan, the note created is typically referred to as a "secured note" or "security agreement," not specifically any of the options provided (A, B, C, D). None of the given choices accurately describe a note secured by personal property.

When Personal Property Is Used as Collateral to Back Up