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Secured debt

Secured debt, means a debt which is secured by any security interest [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)(ze)]

Qualified institutional buyer

or regulations made thereunder, or any other body corporate as may be specified by the Board. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(1)(u)]

Non-performing asset

accordance with the directions or under guidelines relating to assets classifications issued by the Reserve Bank. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (o)]

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Hypothecation

assistance and includes floating charge and crystallization of such charge into fixed charge on movable property. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (n)] The

Floating charge

and enforceable by the charges as soon as the company goes into liquidation, even for the purpose of reconstruction [Crompton & Co., 1914, 1 Ch 954]. Under the (English) Companies Act, 1929, s. 88, all floating charges

Borrower

any rights or interest of any bank of financial institution in relation to such financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(1) (f)] The expression 'borrower' in s.

Financial asset

receivables, whether such interest is existing, future, accruing, conditional or contingent; or (vi) any financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforce-ment of Security Interest Act, 2002 (54 of 2002), s. 2(1)(l)]

Addition

yeoman, gentleman, or esquire; (2) those of degree or (dignity), such as Knight, baron, earl, marquis. Addition includes reconstruction, Raichurmathan Prabhakar v. Rawatmal Dugar, (2004) 4 SCC 766. Principle of Statutory Interpretation, 9th Edn., 2004, pp. 152

IBRD

The International Bank for Reconstruction and Development a United Nations agency created to assist developing nations by loans guaranteed by member governments

Land League

Charles Stewart Parnell as president in 1879 with a view to the reduction of farm rents and a reconstruction of the land laws

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