by Jason M. Gordon | Nov 13, 2024
Security Agreement What is a Security Agreement? A Security Agreement is a legal contract between a borrower (debtor) and a lender (creditor) in which the borrower pledges certain assets (known as collateral) to secure a loan. The agreement outlines the rights of the...
by Jason M. Gordon | Nov 13, 2024
Payment Instruments What is a Demand Note? A Demand Note is a type of promissory note that allows the lender to demand full repayment of the loan at any time, without the need to give advance notice. Unlike a term loan with a fixed repayment schedule, a demand note...
by Jason M. Gordon | Nov 13, 2024
Payment Agreements What is a Payment Agreement? A Payment Agreement (also known as a Payment Plan Agreement or Installment Agreement) is a legal document that outlines the terms and conditions of a payment plan between two parties: a creditor (the person or entity...
by Jason M. Gordon | Nov 13, 2024
Loan Agreement What is a Loan Agreement? A Loan Agreement is a legal document that outlines the terms and conditions of a loan between a lender (creditor) and a borrower (debtor). It serves as a contract that specifies the obligations of both parties, including the...
