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greetings and welcome to La Boheme Maxim Foundation a university of freedom and free thoughts this webinar were going to discuss the private security agreements the commercial security agreements old harmless indemnity agreements will conclude the first section of the agreements that need to be filled out with making the transition in your status correction so to start off were going to start off with the definition so this definition comes from investopedia what is a security agreement a security agreement refers to a document that provides a lender a security interest and a specified asset for property that is pledged as collateral terms and conditions are determined at the time a security agreement is drafted security agreements by a certain part of the business world as lenders would never extend credit to certain companies without them in the event that the borrower defaults the flesh collateral can be seized by the lender and sole key takeaways from investopedia are a security