© CEAL 19971201 Pennsylvania Avenue, NW, Suite 300

Washington, DC 20004202.646.1787 phone

202.666.1789 fax

Center for the Economic Analysis of LawW a s h i n g t o n , D C

C P E P A P L

Reprinted from Reprinted from Finance & DevelopmentFinance & DevelopmentJune 1996*June 1996*

Secured Transactions:The Power of Collateral

HEYWOOD FLEISIG

**© CEAL. Subject to the copyright policy of CEAL and/or the copyright policy of any othercopyright holder