Agreements.org

General agreements

Security Agreement

April 3, 2012 by agri in General agreements with 0 Comments
A security agreement is a formal document created by a lender or a borrower whereby the borrower guarantees that he will repay the loan in full or in part by adding a property, automobile or investment account etc in the agreement as security or collateral. This ensures that even if the borrower defaults and is not able to pay the whole or part of the amount, the lender has the right to use the security and sell it and keep the money for himself.

A security agreement must clearly mention the names and contact details of the borrower and the lender, the amount of money loaned, the date of signing the contract and the term within which the loan has to be returned, the rate of interest and mode of payment. The next most important thing to be mentioned is the description and value of the security or collateral and that the borrower has ownership of the collateral.

You can Download the Security Agreement, customize it according to your needs and Print. Security Agreement Template is either in MS Word, Excel or in PDF.

Sample Security Agreement

Security Agreement 

 Download this USA Attorney made Original Agreement for only $9.99

By clicking the button below, I agree with the Terms & Conditions.

















Share this Post

Related Posts

Leave a reply

Your email address will not be published. Required fields are marked *

*