Items that “proceed from” other items. Inventory produces proceeds in the form of accounts, an account produces proceeds in the form of cash, etc.
While Section 552 terminates after-acquired property provisions of security agreements, it affirms the continuing application of the lender’s prepetition security interest to the “proceeds” of its collateral.
Bankruptcy Code §§ 363(a), 552. See also After-Acquired Property Clause, Equities of the Case.