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3. 3. A creditor may not be interested in specific pieces of property or inventory, so a floating lien may be used to continue the
3. 3. A creditor may not be interested in specific pieces of property or inventory, so a floating lien may be used to continue the security interest even if the collateral changes. A security interest in collateral gives the secured party interest in the from the sale or other disposition of that collateral. Generally, an after-acquired property clause in a security agreement gives the secured party an in newly acquired that replaces old that has been sold. Advances against a line of credit can be to a properly perfected security interest as well. Fill in the blanks with words that would best complete the passage. remainder artisan's inventory inventory mechanic's debts proceeds interest object processes subject
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