heritable security
Scots law. A debt instrument secured by a charge on heritable property. — Also termed inheritable security. See heritable bond under BOND(2).
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Scots law. A debt instrument secured by a charge on heritable property. — Also termed inheritable security. See heritable bond under BOND(2).
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A security representing an ownership interest in a corporation, such as a share of stock, rather than a debt interest, such as a bond; any stock or similar security, or any security that is convertible into stock or similar security or carrying a warrant or right to subscribe to or purchase stock or a similar
A security that passes through payments from debtors to investors. • Pass-through securities are usu. assembled and sold in packages to investors by private lenders who deduct a service fee before passing the principal and interest payments through to the investors.
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insecurity clause. A loan-agreement provision that allows the creditor to demand immediate and full payment of the loan balance if the creditor has reason to believe that the debtor is about to default, as when the debtor suddenly loses a significant source of income. Cf. ACCELERATION CLAUSE. [Cases: Bills and Notes 129(1); Secured Transactions 221.
A security interest that is created when a buyer uses the lender’s money to make the purchase and immediately gives the lender security (UCC § 9-103); a security interest that is either (1) taken or retained by the seller of the collateral to secure all or part of its price or (2) taken by a
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A security (usu. a bond or preferred stock) that may be exchanged by the owner for another security, esp. common stock from the same company, and usu. at a fixed price on a specified date. — Also termed (specif.) convertible debt; convertible stock. [Cases: Securities Regulation 53.16(10).]
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hybrid securities 混合证券 指具有债务证券〔debt security〕和产权证券〔equity security〕双重性质的证券。 (→convertible bond; convertible securities)