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Typically, the parties involved in a collateralized debt transaction will enter into a(n)agreement that specifies the parties, describes the collateral, articulates the obligations of the

Typically, the parties involved in a collateralized debt transaction will enter into a(n)agreement that specifies the parties, describes the collateral, articulates the obligations of the debtor, and states the remedies available to the secured party in the event of default.

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