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Appropriation: Difference between revisions
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[[Appropriation]] is a remedy created by the [[Financial Collateral Regulations]] the right to take an asset against a debt, as opposed to selling it: | {{a|security|}}[[Appropriation]] is a remedy created by the [[Financial Collateral Regulations]] the right to take an asset against a debt, as opposed to selling it: | ||
:''“Where a legal or equitable [[mortgage]] is the [[security interest]] created or arising under a [[security financial collateral arrangement]] on terms that include a power for the collateral-taker to appropriate the collateral, the [[collateral-taker]] may exercise that power in accordance with the terms of the [[security financial collateral arrangement]], without any order for [[foreclosure]] from the courts.”'' | :''“Where a legal or equitable [[mortgage]] is the [[security interest]] created or arising under a [[security financial collateral arrangement]] on terms that include a power for the collateral-taker to appropriate the collateral, the [[collateral-taker]] may exercise that power in accordance with the terms of the [[security financial collateral arrangement]], without any order for [[foreclosure]] from the courts.”'' | ||
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Also a thing in [[Luxembourg law pledge|Luxembourg]], apparently. | Also a thing in [[Luxembourg law pledge|Luxembourg]], apparently. | ||
Not to be confused with ''[[cultural appropriation]]'', a beautifully paradoxical concept that only [[libtard]]s care about. | |||
{{sa}} | {{sa}} | ||