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A general security agreement, or GSA, is commonly used to secure commercial loans and business obligations to a financial institution or secured party. The GSA secures present or future obligations, including loans, guarantees, and rights under a franchise agreement. Details in a GSA include debtors' representations, asset descriptions, terms, conditions, and enforcement rights in the event of defaults. GSAs are typically secured over the company borrowing funds or committing to an agreement, but partnerships, cooperatives, and individuals can also provide GSA security.