A Security Agreement in Accounts Receivable and General Intangibles is a document that outlines the terms and conditions of a loan agreement between the lender and the borrower. This agreement is used to protect the lender’s interests in the event that the borrower fails to make payments on the loan. It also outlines the rights of the lender in the event of default. The Security Agreement in Accounts Receivable and General Intangibles typically includes provisions such as: a description of the collateral that secures the loan, the amount of the loan, the interest rate, the repayment schedule, the default provisions, and any other terms and conditions that the parties agree to. The Security Agreement may also include the borrower's representations and warranties, the lender's rights in the event of default, and the procedures for disposing of the collateral in the event of default. There are two types of Security Agreement in Accounts Receivable and General Intangibles: a General Security Agreement and a Special Security Agreement. A General Security Agreement applies to all the borrower's accounts receivable, while a Special Security Agreement applies to a specific account or type of accounts receivable. The lender may also require additional collateral, such as inventory, equipment, or real estate, in order to secure the loan.