A secured transaction occurs when the seller retains a security __________ in the goods being sold.

Name: A secured transaction occurs when the seller retains a security __________ in the goods being sold.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

In a secured transaction, the seller retains a "security interest" in the goods being sold, which gives the seller a legal right or interest in the collateral (the goods) until the buyer fully pays off the debt.

A Secured Transaction Occurs When the Seller Retains a Security