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During debt negotiations with RBS last year, Haymarket put up £40m-worth of property as security.
(3) The use of real property or interests in property as security for a loan or investment, including mortgage-backed securities.
Mr. Furse used the property as security to finance a couple of business deals that foundered — mostly, he says, because of betrayals by partners.
The amendments, which took effect on July 1, rewrite the portion of the code that governs the pledging of personal property as security for a loan.
Mr. O'Connor said that every time a lender makes a loan backed by a pledge of property as security, the lender needs some assurance that the value of the property is sufficient to cover the unpaid balance of the loan.
Another division of the rights, privileges, and powers of ownership exists in all Western legal systems the division that occurs when an owner makes use of his property as security for a loan or other obligation.
Similar(48)
But pawnbrokers continue to operate on a minor scale, and banks keep documents of title (such as property deeds) as security.
In the past few years, small groups of settlers have pursued a campaign they call "price tag," attacking Palestinian civilians and property as well as Israeli security forces in retaliation for government policies they oppose.
In recent years, small groups of radical settlers have pursued a policy known as "price tag," attacking Palestinian civilians and vandalizing property as well as distracting Israeli security forces and damaging military equipment.
Sports Direct secured this business after a deal that also saw Ashley lend the football club £5m but claim its Ibrox stadium and intellectual property, such as the club badge, as security.
The Secretary may take such action as he deems appropriate to protect the interest of the United States in the event of a default on a loan made or guaranteed under this subchapter, including taking possession of, holding, and using real property pledged as security for such a loan or loan guarantee.
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CEO of Professional Science Editing for Scientists @ prosciediting.com