Among the categories of intangibles are claims and receivables.

(m) Intangibles means all forms of movable property other than tangibles.

However, the Guide proposes that all types of asset are capable of being the object of a security right, including all present and future assets of a business, and covers all assets, both tangible and intangible, with the exception of assets specifically excluded.

(i) Tangibles means all forms of corporeal movable property.

The law should also provide for possessory security rights in tangibles.

The law should include a comprehensive and consistent set of provisions on non possessory security rights in tangibles and intangibles.

(b) Dispossession of the grantor if the encumbered assets are specific items of tangible movable property

I learned that economists measure everything in tangible units of production and consumption as if each of those tangible units is exactly the same.

(k) Equipment means tangibles (other than negotiable instruments, negotiable documents and inventory), used by a person in the operation of its business.

I learned that economists measure everything in tangible units of production and consumption as if each of those tangible units is exactly the same.

However a secured creditor may take possession of tangible encumbered assets without the consent of the person in possession of them only in accordance with the law of the State in which those assets are located at the time the secured creditor takes possession of them.

Asset recovery

UNDG United Nations Development Group

On inventory control

Physical Memory

Mass or product means tangibles (other than negotiable instruments or documents) that are so closely associated with each other that they cannot become subject to separate security rights.

Mission aviation assessment

Disposal of assets

Inventory and distribution

Real property None of the claims in this instalment seek compensation for a loss of real property.

Consumption

Return and disposal of assets

Valuation of encumbered assets

IX. DISPOSITION OF ASSETS . 31 11

IX. DISPOSITION OF ASSETS

VI. DISPOSITION OF ASSETS

VII. DISPOSITION OF ASSETS . 27 9

In addition, the Working Group may wish to consider whether a rule along the lines of recommendation 140 should apply to security rights in tangible assets covered in recommendation 136.

(d) Registration of a notice of the security right in a specialized title registry if the encumbered assets are specific items of movable property for which title is established, under other law of the enacting State, by registration in such a registry (e) Entry of a notation of the security right on the title certificate if the encumbered assets are specific items of tangible movable property for which, under other law of the enacting State, title is evidenced by a title certificate or

Consumption

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

The allotment of common assets

Assets constituting the estate

(i) Protecting the value of the encumbered asset

VI. DISPOSITION OF ASSETS . 21 7

(j) Inventory means a stock of tangibles (other than negotiable instruments and negotiable documents) held for sale or lease in the ordinary course of business and also raw and semi processed materials (work in process).

We welcome those concrete and bold proposals.

Security rights in tangible property

Security rights in intangible property

Hard power is there, and it will remain.

The consumption discount rate should account for the possibility that, as consumption grows, the marginal unit of consumption may be considered to have less social value.

Recommendations 100 (possessory security rights in tangible property) and 101 (non possessory security rights in tangible property)

as a treatment against consumption.

Assets and obligations subject to a security agreement

The concrete measures are summarized below.