Part E Guarantees and Security, 28 Types of Security

Subject(s):

Regulation of banks — Credit risk — Security interest — Claims

This chapter considers the nature of the security which the borrower creates; the specific characteristics of security created over particular types of asset; and which lender is entitled to priority in the case of competing layers of security on the same asset. The discussions cover fixed charges, floating assets, categories of priority claims, statutory priorities, priority as against other secured creditors, and priority as against unsecured creditors.