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Part I Introduction, 2 Use of security and quasi-security interests in debt financing

From: The Law of Security and Title-Based Financing (2nd Edition)

Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka

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From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 13 July 2024

Debt — Securities — Equity — Securities lending — Private equity fund — Prime broker
2.01 Security and quasi-security interests1 can be used wherever a party who is owed an obligation wishes to have a proprietary claim over an asset of the obligor to which it can have recourse if that obligation is not fulfilled. They are used widely in the context of debt financing of businesses, to secure borrowing and other forms of finance extended by banks and other financial institutions. They are also used to secure credit extended to businesses by those contracting with them, in any situation where a business does not have to pay immediately for benefits...
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