Pledge and PoBo: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: The Treasurer, November 2015, p48; Oxford Dictionary of Law, 7th Edition.)
 
imported>Doug Williamson
(Create page. Source: The Treasurer, Aug 2018, p13.)
 
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An item transferred by a borrower to a lender, as a security for a debt.
Payments On Behalf Of.


The borrower remains the legal owner of the item, but if the borrower fails to repay the loan the lender has the right to sell it and to use the proceeds to pay the debt.
Also written 'POBO'.




== See also ==
== See also ==
* [[Fixed charge]]
*[[COBO]]
* [[Lien]]
*[[In-house bank]]
* [[Mortgage]]
*[[Payment factory]]
* [[Remedy]]
*[[ROBO]]
* [[Garnishee order]]
*[[Shared Service Centre]]
* [[Covered bond]]
 
[[Category:Cash_management]]

Latest revision as of 13:23, 3 August 2018

Payments On Behalf Of.

Also written 'POBO'.


See also

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