What category does the term "general intangibles" refer to?

The term "general intangibles" specifically refers to rights related to intangible assets that are not categorized elsewhere in a secured transactions framework. This broad category includes a wide range of intangible assets such as intellectual property, goodwill, and various contractual rights. The definition emphasizes that general intangibles encapsulate those intangible assets that do not fit into more specific classifications, such as accounts receivable or inventory.

This distinction is key in the context of secured transactions, as it allows creditors to understand the types of rights they can secure in a transaction. For instance, if a business has a contract that generates future revenue but is not categorized as a specific type of receivable or other defined intangibles, it would typically fall under the category of general intangibles.

In contrast, the other options represent specific categories or types of property. Rights in physical property, for example, pertain to tangible items, while equity in real estate investments and consumer loan agreements are more narrowly defined financial instruments or securities, not encompassing the broader range of intangible rights captured by general intangibles. Thus, the correct understanding of "general intangibles" lies in recognizing it as a catch-all for various intangible assets that do not fit into specific categories.