A guaranteed party can negotiate the interest of security through property documents, instruments, instruments, money, tangible chat paper, or certified securities. Unique Code of Trade, sections 9-313. This is an asset collateral (mentioned in the example of the stamp collection). No security agreement is required for perfection by possession. There are five ways for a creditor to develop a securities interest: (1) by filing a financing return, (2) by taking or holding collateral; (3) by security takeover; (4) temporary takeover in accordance with UCC requirements or (5) by automatic takeover. The UCC recognizes that the type description is not sufficient for commercial accounts, merchandise accounts, security rights or consumer transactions. The United States has also developed conditional sale of personal property as another form of security interest, which is now obsolete. There are a number of other agreements that create a guarantee in the commercial sense but do not create an interest in the security of the property in the assets. For example, it is possible to grant the guaranteed party a power or conditional option regarding the purpose, to use a property reserve agreement, or to execute un expired transmission instruments. These techniques, while ensuring the protection of the insured party, do not confer a specific shareholding on the assets on which the agreements relate and their effectiveness may be limited if the debtor goes bankrupt. CollateralProperty given as collateral for a debt.

“Real estate that is in the business of a security interest or an agricultural pawn.” Single Code of Trade, Section 9-102 (12). Section 9 establishes a security interest through a security agreement under which the debtor grants, as collateral for a loan or other obligation, a conservatory deposit of the debtor`s assets. Funding statementA communication to the Landesamt for the development of a security interest. is a simple communication indicating the general interest of the creditor in the guarantees. This is what is deposited to establish the “dibs” of the creditor. There are three requirements for fixing: (1) the secure part gives value; (2) the debtor has rights over security or the power to transfer rights over him to the insured party; 3. The parties have an “authenticated” (signed) guarantee agreement by the debtor or creditor who holds the security. This type of intangible assets includes receivables (the right to pay money), the proceeds of insurance, the energy provided or to be supplied, lottery winnings, health insurance claims, debt payable, debt securities, debt securities and business unit units. Single Code of Trade, Section 9-102 (a) (2).

There is often something in writing to show the existence of the right – such as a right to the proceeds of payment of insurance – but the letter is merely proof of the law. The paper itself does not need to be delivered for the right to effect to be transferred; this task is done in order. The “authentication file” (the signed security agreement) is not necessary in some cases. It is not necessary for the debtor to have collateralThe delivery of property to a creditor as collateral for the debt.