Security & Collateral · glossary
The strongest security over land. Clause 3.1 charges the factory by way of legal mortgage, which gives the Bank a mortgagee's powers, above all the power to sell. It takes effect at law only once HM Land Registry enters it on the title. Debenture §3.1 · Schedule 1 · Definition: Property · Chapter 1 · Chapter 4
Explained in Chapter 1, What Security Is For, of Security & Collateral.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Security & Collateral and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
the freehold land described in Schedule 1, with every building, fixture and fitting on it, and every part of it;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Security & Collateral → · All terms A–Z →