# Security Agreement

**IRI:** https://folio.openlegalstandard.org/R7cIHUn7gvxaOltKIfA7Qta

## Labels

**Preferred Label:** Securities Agreement

## 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.

## 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

## See Also

- https://folio.openlegalstandard.org/RCPtRu7JjCg1Do3DUtQofho

**Deprecated:** False