credit transactions

2. You buy with this and pay it off at the end of the month
3. a written contract between the debtor and creditor
5. creditor has possession of the collateral
8. brief, written notice of the existence of a security interest in the identified property
9. the one who is owed
10. what you put up incase you cant pay
13. legal method or device creating a security interest
14. the point at which a security interest becomes legally effective against the ownership
15. exists when the security interest is superior to all other claims in the collateral
16. the one who owes money, services.

1. filing by a creditor releasing a security interest in collateral
4. filing is not required to protect a seller’s security interest in consumer goods against other creditors of the buyer
6. when you borrow money you are in ______
7. classification of collateral that represents value in money, goods, or promises
9. legal presumption that everyone has knowledge of facts on public file
11. the right to reclaim property if payment isnt paid
12. interest in or claim against specified property