Abstract or Introduction
Living in an uncertain economy with financial instability, makes it harder to bring about secure financial transactions. Indeed, the availability of information regarding the borrower to the lender has been seen as asymmetrical and led to some problems associated with credit risk. Hence the need for security for the lender. In this case, floating charge in particular is an English innovation in security that very well serves both borrower’s and lender’s objectives.
- Quote paper
- Jennie Robinson (Author), 2015, The importance of security in lending, Munich, GRIN Verlag, https://www.grin.com/document/432709
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