The article discusses functional comparison of English and American security interests and suggests solutions of deception and incentives problems. It mentions that deception problem raise when debtors who have granted security interests appear to have wealth and incentives problem occurs when secured debt amount exceeds the value of the collateral. Security combined with mortgages, security interests, and liens which shows a relationship between collateral and monetary obligations.
Lynn M. LoPucki, Arvin I. Abraham & Bernd P. Delahaye,
Optimizing English and American Security Interests,
Notre Dame L. Rev.
Available at: http://scholarship.law.nd.edu/ndlr/vol88/iss4/2