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"A General Security Agreement (GSA) is commonly used to secure commercial loans and business obligations from financial institutions or other creditors. The GSA can secure present and future obligations, including loans, guarantees, and franchise agreements. Key details in a GSA include the debtor's representations, description of assets, terms, enforcement rights in case of default. GSAs are typically secured over the borrowing company, but partnerships, cooperatives, and individuals can also use them. It is important to ensure accurate naming in the GSA."
