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Title transfer: Difference between revisions
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{{a|glossary|}}Sometimes called [[outright transfer]], [[title transfer]] is when one merchant sells (or gives) something outright to another, the first thereby abandoning all its claim, interest and colour of right whatsoever to that thing. To be contrasted with a [[pledge]] or an [[assignment by way of security]]. | {{a|glossary|}}Sometimes called [[outright transfer]], [[title transfer]] is when one merchant sells (or gives) something outright to another, the first thereby abandoning all its claim, interest and colour of right whatsoever to that thing. To be contrasted with a [[pledge]] or an [[assignment by way of security]]. | ||
Outright title transfer is a special, delicate thing — it has accounting, risk transfer, tax and legal implications that are quite different to giving mere possession over an asset by way of surety, with the right to take possession of that asset back once the debt is discharged. | |||
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