{"iri":"https://folio.openlegalstandard.org/R7cIHUn7gvxaOltKIfA7Qta","label":"Security Agreement","sub_class_of":["https://folio.openlegalstandard.org/R7ddsah86bL3tQ5OmO9B7PB"],"parent_class_of":["https://folio.openlegalstandard.org/R9ZM05k9tujXev4Gy4yianI","https://folio.openlegalstandard.org/RDYRWCSnEAUwPAZRo9iS6RV","https://folio.openlegalstandard.org/RDptEuaqrgkf8FuH43fMilh","https://folio.openlegalstandard.org/Rb6m6EzxbJjnkThunYkWCm"],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RCPtRu7JjCg1Do3DUtQofho"],"comment":null,"deprecated":false,"preferred_label":"Securities Agreement","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A \"Security Agreement\" is a legal contract between a debtor and a secured party that outlines the collateral provided by the debtor to secure a loan or other obligation. The agreement defines the terms under which the secured party can take possession of the collateral in the event the debtor defaults.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}