Secured Transactions: Basics Podcast
This podcast discusses the nature of security interests, as well as some of the basic vocabulary that you will need to understand the concepts, using the rules set forth in the Uniform Commercial Code Article 9. The rules of Article 9 are state statutory law. The primary terms of art associated with security interests are generally defined in either 1-201 or 9-102, though some definitions are contained elsewhere. This podcast primarily focuses on security interests created under Article 9. At the conclusion of this podcast, you should be able to recognize the following vocabulary and use it correctly: security interest, attach, debtor, creditor, obligation, collateral, promissory note, security agreement, financing statement, priority, default, and possession.