EconomicEconomic functions of secured Transactions and its necessity of evolution its Transactions functions of secured Transactions and The necessity to reform its Legal system

In Legal Terminology, Collateral is as back of loan repayment or for obligation responsibility. Despite that Collateral in economics has different functions. In this paper we focus on Economic functions of Secured Transaction, and its role in Microeconomics and Macroeconomics.The Economic efficiency of the collateral is cleared by economic analysis and the theory of efficient breach that comprehensive secured transaction is able to make efficientallocation of goods and services and finally strong economic functions. In studying this collaterally Institution we get that this formality can effect on positive role in economic development by access to credit easily. So for  increasing Economic officiency of secured Transaction, we need to revise  our laws and regulations that have been mentioned in international reports about this approach.