Part I Introduction, 1 Introduction
Hugh Beale, Michael Bridge, Louise Gullifer, Eva Lomnicka
- Securities — Equity — Security interest
1.01 This book is about proprietary security taken by creditors from debtors to support the repayment of loans or, much less frequently, the performance of other obligations. The security will normally take the form of a pledge, mortgage, or charge over the debtor’s property. The book also deals with a number of transactions that on a traditional analysis do not involve the taking of security but that have a similar economic function, in that a party that provides credit retains property rights over assets that in practice are being purchased by the debtor with...