title financing

title financing
a form of lending over goods One of the defects of the law governing the creation of security rights over goods and chattels is the requirement that for the security to be validly constituted, either the cumbersome registration procedures must be complied with or, alternatively, possession of the goods and chattels must be transferred to the lender. To overcome the inconveniences associated with these rules, techniques were devised to develop alternative transaction forms that in commercial substance were very similar to the conferring of security in return for a loan but that in law were treated differently; these transaction forms have become known generically as 'title financing'. These forms exploit the dichotomy between vendor (or lessor) credit and lender credit and involve the retention of title to the goods or chattels by the vendor or financier with possession being granted to the debtor. The principal transactions in which these techniques are used (and which achieve a similar commercial result to that achieved by a mortgage) are leasing, sale and leaseback, sale and repurchase, factoring and title retention.

Collins dictionary of law. . 2001.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Title 12 of the United States Code — outlines the role of Banks and Banking in the United States Code.*: The Comptroller of the Currency *: National Banks *: Federal Reserve System *: Taxation *: Crimes And Offenses *: Foreign Banking *: Export Import Bank of the United States *:… …   Wikipedia

  • Title 25 of the United States Code — outlines the role of Indians in the United States Code.* Bureau of Indian Affairs * Officers of Indian Affairs * Indian Claims Commission * Agreements With Indians * Performance by United States of Obligations to Indians * Protection of Indians * …   Wikipedia

  • financing agency — A bank, finance company or other person who in the ordinary course of business makes advances against goods or documents of title or who by arrangement with either the seller or the buyer intervenes in ordinary course to make or collect payment… …   Black's law dictionary

  • financing agency — A bank, finance company or other person who in the ordinary course of business makes advances against goods or documents of title or who by arrangement with either the seller or the buyer intervenes in ordinary course to make or collect payment… …   Black's law dictionary

  • Title 42 of the United States Code — Cleanup list|date=March 2007Title 42 of the United States Code is the title of the United States Code dealing with public health and social welfare* The Public Heath Service * The Public Health Service; Supplemental Provisions * Sanitation and… …   Wikipedia

  • Title Loan — A loan where an asset is required as collateral. These loans are popular for two reasons. The first being that with this type of loan, the applicant s credit rating is not considered. The second being that title loans can be approved very quickly …   Investment dictionary

  • Terrorist financing — is a topic that shot into the limelight after the events of September 11, 2001. The US passed the USA PATRIOT Act, among other reasons, to ensure that both combating the financing of terrorism (CFT) and anti money laundering (AML) was given… …   Wikipedia

  • USA PATRIOT Act, Title VIII — Title VIII: Strengthening the criminal laws against terrorism is the eighth of ten titles which comprise the USA PATRIOT Act, an anti terrorism bill passed in the United States after the September 11, 2001 attacks. Title VIII contains 17 sections …   Wikipedia

  • Tax increment financing — Tax Increment Financing, or TIF, is a public financing method which has been used for redevelopment and community improvement projects in the United States for more than 50 years. With federal and state sources for redevelopment generally less… …   Wikipedia

  • USA PATRIOT Act, Title III — The USA PATRIOT Act was passed by the United States Congress in 2001 as a response to the September 11, 2001 attacks. It has ten titles, each containing numerous sections. Title III: International Money Laundering Abatement and Financial Anti… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”