Security & Collateral · glossary
A promise a solicitor gives in the firm's name to do a specific thing, which a court can enforce. Your firm undertook to the Bank to file the charge within 21 days. If it failed, the Bank's claim would lie against an insured law firm, not a borrower in trouble. Debenture §5.1 · Chapter 6
Explained in Chapter 6, Twenty-One Days: Registration and Perfection, of Security & Collateral.
The main page for this term is Undertaking, in Buying Commercial Property.
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.
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 →