Equity of redemption: Difference between revisions
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[[File:Dutch door mat.jpg|thumb|A terugkoopvermogen yesterday]] | [[File:Dutch door mat.jpg|thumb|A terugkoopvermogen yesterday]] | ||
[[File:Clogs.jpg|thumb|Some clogs yesterday]] | [[File:Clogs.jpg|thumb|Some clogs yesterday]] | ||
An equitable concept invented in Netherlands. A “''terugkoopvermogen''” was originally a mat by the front door where one put ones footwear when visiting a windmill or a tulip farm. By metaphor this was extended to the value of | An equitable concept invented in Netherlands. A “''terugkoopvermogen''” was originally a mat by the front door where one put ones footwear when visiting a windmill or a tulip farm. By metaphor this was extended to the residual value of an asset to its pledgor once all liabilities against which it was pledged had been satisfied<ref>Work with me here, okay? It is NOT EASY making light of this stuff.</ref>. | ||
Hence the expression “Eey oop, my lover, put your [[Clog on the equity of redemption|clogs]] on the [[equity of redemption]] pet” and “Whooargh, he can put his [[Clog on the equity of redemption|clogs]] on my equity of redemption at ''any time''.” | Hence the expression “Eey oop, my lover, put your [[Clog on the equity of redemption|clogs]] on the [[equity of redemption]] pet” and “Whooargh, he can put his [[Clog on the equity of redemption|clogs]] on my equity of redemption at ''any time''.” | ||
This is possibly the worst joke on this whole wiki, and that's saying something. | This is possibly the worst joke on this whole wiki, and that's saying something. | ||
{{ref}} | |||
Revision as of 17:10, 9 March 2018
An equitable concept invented in Netherlands. A “terugkoopvermogen” was originally a mat by the front door where one put ones footwear when visiting a windmill or a tulip farm. By metaphor this was extended to the residual value of an asset to its pledgor once all liabilities against which it was pledged had been satisfied[1].
Hence the expression “Eey oop, my lover, put your clogs on the equity of redemption pet” and “Whooargh, he can put his clogs on my equity of redemption at any time.”
This is possibly the worst joke on this whole wiki, and that's saying something.
References
- ↑ Work with me here, okay? It is NOT EASY making light of this stuff.