Security Agreement
A secured debt involves a loan that is backed by some asset. There is collatoral or a lien involved, so that, if a default happens, the lender has recourse to get the debt repaid. Otherwise, the debt is unsecured...which means that, in a situation where the borrower skips town and refuses to pay, the lender is screwed.
The security agreement is the document that details the secured debt. It lays out the terms of repayment and specifies the collateral involved. It presents the situations where the lender can seize the property and any other details related to the situation.
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aka the 34 Act made it formally illegal to use inside information in trading
stocks amazingly that used to not be illegal or at least not explicitly so [People gambling]
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well who's gonna know that I overheard the CEO of big company talking about a
merger in a Denny's washroom you know some folks pretty much ignored
the law well the 1988 law was basically Congress saying you guys were really [Congressman discussing the 1988 law]
serious about this so this new legislation added some hefty penalties
if you get caught as an inside trader people still trade on insider
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