A Security Agreement Includes

question 28

Multiple Choice

A security agreement includes

• A) the names of the parties.
• B) the amount of the debt and terms of repayment.
• C) the property in which the creditor has a security interest.
• D) all of these.

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Definitions:

Field Current

The electric current that flows through the winding of a generator or motor, generating a magnetic field necessary for their operations.

Brushes

Stationary devices used to conduct current to or from a rotor in electrical components such as alternators and motors.

Slip Rings

Stationary devices used to conduct current to an alternator rotor.

Stator Windings

The wire coils located in the stator of an electric motor or generator that create a magnetic field when current flows through them.