Extenda Loan,Inc. ,takes possession of Flo's stock in Gem Corporation to perfect Extenda's security interest in the stock.This is

Name: Extenda Loan,Inc. ,takes possession of Flo's stock in Gem Corporation to perfect Extenda's security interest in the stock.This is
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Question

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Taking possession of Flo's stock in Gem Corporation is a pledge, which is a type of security interest where the debtor (Flo) gives possession of the collateral (the stock) to the creditor (Extenda Loan, Inc.) in order to secure a debt.