What can usually be secured under a security agreement regarding future obligations?

A security agreement can typically secure all future obligations of the debtor to the secured party. This means that, as long as the security agreement is properly drafted, future debts or obligations incurred by the debtor that are related to the secured party can be covered. This broad scope allows the creditor to maintain a continuous security interest in the debtor's assets for obligations that arise after the agreement is executed.

It's crucial for the security agreement to clearly articulate the obligations it covers, often including language that specifies future advances or obligations as being secured. This feature is beneficial for both parties: it gives the creditor an ongoing security interest, while providing the debtor with the flexibility to incur new obligations without needing to execute new security agreements for each individual transaction.

In contrast, options that suggest limiting the security to specific debts or loans over a certain amount do not recognize the expansive nature of what can be secured under such agreements. Moreover, the assertion that no obligations can be secured contradicts fundamental principles of secured transactions, which allow for the creation of security interests in personal property and other assets to ensure the performance of a wide range of obligations.