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1. Financial Collateral Provisions: Special provisions required when security includes financial collateral such as shares or cash

2. Intellectual Property Provisions: Specific provisions for securing and maintaining intellectual property rights

3. Real Property Provisions: Additional provisions required when securing real estate assets

4. Insurance Provisions: Specific requirements for insurance of secured assets

5. Bank Account Provisions: Special provisions for charged accounts and control agreements

1. Schedule 1 - Secured Assets: Detailed description and/or list of all assets subject to security

2. Schedule 2 - Forms of Notice: Standard form notices required to perfect security interests

3. Schedule 3 - Addresses for Service: Contact details for formal notices under the agreement

4. Schedule 4 - Existing Security: Details of permitted security interests already in place

5. Schedule 5 - Form of Accession Deed: Standard form for additional parties to accede to the security

A general security agreement (GSA) in business finance is a legal contract that allows a lender to claim certain assets of a borrower if they fail to repay their loan. It serves as collateral and provides the lender with a security interest over the borrower's assets. In the UK, a GSA is commonly used for small and medium-sized businesses seeking financing from banks or other lenders. It typically covers all present and future assets of the business, such as inventory, equipment, and accounts receivable.

A General Security Agreement (GSA) is a legal document that provides lenders with a comprehensive security interest over a borrower's assets, including both present and future assets. In a loan deal, a GSA protects lenders by giving them the right to seize and sell the borrower's assets if the borrower defaults on the loan repayments. This serves as collateral, reducing the lender's risk and providing a means of recovering the outstanding debt. The GSA grants the lender a floating charge over the borrower's assets until a default occurs, at which point the charge becomes fixed, allowing the lender to take control of the specified assets.