Risk is reduced because credit secured by assets gives creditors access to the assets as another source of payment in the event of non payment of the secured obligation.

It may be that, as between the grantor and the secured creditor, the secured creditor has agreed to treat the proceeds as encumbered assets.

In other States, term loans secured by movables other assets, such as equipment and even intellectual property, are common.

However, in developing its secured transactions law, a State should take account of the increasing importance and economic value of intellectual property assets to companies seeking to obtain low cost secured credit.

(c) Secured obligation means the obligation secured by a security right.

(c) Transfer of control to the secured creditor if the encumbered assets are certain intangible obligations, other than receivables, owing to the grantor by a third person a bank account

The key to the effectiveness of secured credit is that it allows businesses to use the value inherent in their assets as a means of reducing risk for the creditor.

Yet another concern is that in some cases secured creditors may take most or all of a person's assets in the case of insolvency and leave little for unsecured creditors, some of whom are not in a position to bargain for a security right in those assets.

Valuation of secured claims

(50) The insolvency law should specify that, upon application to the court, a secured creditor should be entitled to protection of the value of the assets in which it has a security interest.

Security rights in such assets are not excluded but, in the case of any inconsistency between such a special law and secured transactions law, the special law (e.g. the special registration system) prevails.

Draft legislative guide on secured transactions

Another concern is the potential ability of a secured creditor to exercise influence over a business, to the extent that the creditor may seize, or threaten seizure of, the encumbered assets of that business upon default.

(f) Grantor means a person that creates a security right in one or more of its assets in favour of a secured creditor to secure either its own obligation or that of another person (see debtor).

A key to a successful legal regime governing secured transactions is to enable a broad array of businesses to utilize the full value inherent in their assets to obtain credit in a broad array of credit transactions.

(f) The possible repercussions for secured transactions and secured creditors in the way in which corporate groups are treated in insolvency.

(c ) Colloquium on Reform of Secured transactions Law the draft UNCITRAL Legislative Guide on Secured Transactions (Clermont Ferrand, France 23 April 2004)

(b) Provide a temporal event for ordering priority among secured creditors and between a secured creditor and other classes of competing claimants.

(e) Debtor means a person that owes performance of the secured obligation and includes secondary obligors, such as guarantors of a secured obligation .

Such a mandate has not yet been secured.

The party secured no seats in this stage.

While this proposal may sound harmless and almost self evident, it is not secured debt needs no further protection, because it is already secured.

ABC obtains a loan from Lender C to finance such acquisition. The loan is repayable in equal monthly instalments over a period of ten years and is secured by existing and future assets of ABC and the entity being acquired.

A legal system that supports secured credit transactions is critical to reducing the perceived risks of credit transactions and promoting the availability of secured credit.

Only earnings taken out in time can be secured.

Recommendations of the draft Legislative Guide on Secured Transactions

Recommendations of the draft legislative guide on secured transactions

Resource assets account for roughly 50 of total government assets, with operating assets amounting to 39 and administrative (or non operating) assets comprising another 6 .

An independent Kosovo must be secured and its minorities protected.

Justice in distribution is supposedly secured by justice in exchange.

Who fed them against hunger , and secured them against fear .

who fed them from hunger and secured them from fear .

Who fed them against hunger , and secured them against fear .

who fed them from hunger and secured them from fear .

K. Harmonize secured transactions laws, including conflict of laws rules

(a) Assets of the debtor, including the debtor's interest in encumbered assets and in third party owned assets

In China, this proportion of fixed, illiquid assets exceeds 90 . Resource assets account for roughly 50 of total government assets, with operating assets amounting to 39 and administrative (or non operating) assets comprising another 6 .

The purpose of this Guide is to assist States in the development of modern secured transactions laws with a view to promoting the availability of low cost secured credit.

As icon, myth, and ritual, the Nobel Prize is well secured.

It was later secured by fences and barricaded by pine trees.

who has fed them against hunger and secured them from fear .

who has fed them against hunger and secured them from fear .

(d) Secured creditor means a creditor that has a security right.

If the secured creditor and the depositary institution are the same person, the law should provide that the secured creditor automatically has control upon the creation of the security right.

Assets freeze