In commercial law, after-acquired property refers to any property acquired by a debtor subsequent to a security agreement. In bankruptcy law, it denotes property acquired by an individual following a bankruptcy filing, typically free from creditor claims.
A chattel mortgage is a loan agreement where personal property is used as collateral to secure the payment of a debt or fulfillment of an obligation.
A transaction based on a security agreement that concerns a security interest, whereby personal or real property is pledged as collateral for performance or for a debt.
