Questions: In a secured transaction, payment of the debt is guaranteed by property owned by the debtor.

The answer is personal.

The term "reserved" property is not commonly used in the context of secured transactions. In secured transactions, the property that guarantees the payment of the debt is typically referred to as "collateral," which is not synonymous with "reserved."

In a secured transaction, the payment of the debt is often guaranteed by personal property owned by the debtor. Personal property refers to movable assets, such as vehicles, equipment, or inventory, as opposed to real property, which refers to land and buildings.

Intellectual property, such as patents, trademarks, or copyrights, can be used as collateral in a secured transaction. However, the more common term used in the context of secured transactions is "personal property," which encompasses a broader range of assets.