From ACT Wiki
To create or transfer an interest in property.
The interest in the property might be outright ownership, or a lesser interest such as a security right.
Funding that does not need to be repaid by the party receiving it.
- Debts must be reduced
- "[corporate] debts must be reduced to match revised asset profiles.
- In this regard it is comforting to note that the French government is looking at converting €130bn of its crisis loans into grants.
- Quite what might happen in the UK, where there are credible predictions that over a third of the £76bn of COVID-19 support scheme loans will default, remains to be seen."
- Nick Hood, senior adviser, Opus Business Services - The Treasurer, Issue 2, June 2021, p37