The payment of Josie's debt to Kym is guaranteed by Josie's personal property.The process by which Kym can protect herself against the claims of third parties to this property is

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Perfection is the process by which a creditor takes the necessary legal steps to establish the priority of their security interest in the collateral in case of default by the debtor. In this case, Kym can perfect her security interest in Josie's personal property to protect herself against the claims of third parties. This can be done by filing a financing statement with the relevant state authority.

The Payment of Josie's Debt to Kym Is Guaranteed by Josie's