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True sale: Difference between revisions
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{{ | {{a|csa|}} | ||
“[[True sale]]” is an accounting concept relating to the disposal of assets under a sale and purchase or other form of [[title transfer]]. | “[[True sale]]” is an accounting concept relating to the disposal of assets under a sale and purchase or other form of [[title transfer]]. | ||
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A [[True sale opinion]] is a [[legal opinion]] from a [[law firm]] (ideally a [[magic circle]] one) confirming that a disposal or the transfer of collateral amounts to a true sale. | A [[True sale opinion]] is a [[legal opinion]] from a [[law firm]] (ideally a [[magic circle]] one) confirming that a disposal or the transfer of collateral amounts to a true sale. | ||
{{seealso}} | |||
*[[Equivalent]] | |||
*[[Title transfer collateral arrangement]] | |||
*{{1994csa}} | *{{1994csa}} | ||