QuestionJuly 20, 2025

Later extensions of credit stipulated by a security agreement are known as __ Multiple Choice after-acquired properties. future advances. proceeds. mutual funds.

Later extensions of credit stipulated by a security agreement are known as __ Multiple Choice after-acquired properties. future advances. proceeds. mutual funds.
Later extensions of credit stipulated by a security agreement are known as __
Multiple Choice
after-acquired properties.
future advances.
proceeds.
mutual funds.

Solution
4.6(186 votes)

Answer

future advances. Explanation 1. Identify the correct term Later extensions of credit stipulated by a security agreement are known as "future advances." This term refers to additional funds that may be extended under the original security agreement.

Explanation

1. Identify the correct term<br /> Later extensions of credit stipulated by a security agreement are known as "future advances." This term refers to additional funds that may be extended under the original security agreement.
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