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It might be useful in some cases, especially where encumbered assets are illiquid or not easily sold. But the problem becomes how one attaches a value to the appropriated asset. The less liquid it is, the more contentious the value is likely to be. The more liquid it is, the less need there is for a right of appropriation, since the collateral taker can just sell it in the market. | It might be useful in some cases, especially where encumbered assets are illiquid or not easily sold. But the problem becomes how one attaches a value to the appropriated asset. The less liquid it is, the more contentious the value is likely to be. The more liquid it is, the less need there is for a right of appropriation, since the collateral taker can just sell it in the market. | ||
also a thing in [[Luxembourg law pledge|Luxembourg]], apparently. | |||
{{seealso}} | |||
*[[Financial Collateral Regulations]] | *[[Financial Collateral Regulations]] | ||
*[[Financial Collateral Directive]] | *[[Financial Collateral Directive]] | ||
*[[Fixed charge]] | *[[Fixed charge]] | ||
*[[Floating charge]] | *[[Floating charge]] | ||
*[[Luxembourg law pledge]] | |||
{{c2|Security|Collateral}} | {{c2|Security|Collateral}} |