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Which is a permanent account?
Secured Parties
Creditors or lenders who have a secured interest in a borrower's collateral to secure repayment of the loan.
Secured Creditor
A lender or creditor who has a legal right to seize collateral if the borrower fails to repay the debt as agreed.
After-Acquired Inventory
Inventory obtained by a company after it has granted a security interest in its inventory to a creditor, which may also fall under the security interest for that creditor.
Financing Statement
A document filed to give public notice of a secured transaction, thereby establishing a lender's security interest in the borrower's collateral.
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