MLchartDataset catalogue

After-acquired property

Term · Law · MLC-T-LAW-000428

Property that a debtor obtains after a security agreement has been executed. A security agreement may include an after-acquired property clause, which automatically extends the creditor's security interest to these newly acquired assets. This clause is common in commercial lending, particularly for inventory or equipment financing.

Table 1. Record
IdentifierMLC-T-LAW-000428
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000428",
  "term": "After-acquired property",
  "field": "Law",
  "definition": "Property that a debtor obtains after a security agreement has been executed. A security agreement may include an after-acquired property clause, which automatically extends the creditor's security interest to these newly acquired assets. This clause is common in commercial lending, particularly for inventory or equipment financing.",
  "url": "https://mlchart.com/terminology/law/after-acquired-property/"
}

Record 201 of 5,445 in Law terminology (MLC-0107). Request the full dataset.