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Securitisation

means acquisition of financial assets by any securitisation company or reconstruction company from any originator, whether by raising of funds by

The building is bona fide required by the landlord

by the landlord' for the immediate purpose of demolition and reconstruction occurring in s. 14(1)(b) of the Act refers to bona

Sponsor

of the paid-up equity capital of a securitisation company or reconstruction company. [Securitisa-tion and Reconstruction of Financial Assets and Enforcements of

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Secured creditor

any bank or financial institution; or (ii) securitization company or reconstruction company; or (iii) any other trustee holding securities on behalf

Property

business or commercial right of similar nature. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002,

Obligor

future, con-ditional or contingent and includes the borrower. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Default

directions or guidelines issued by the Reserve Bank. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Security agreement

deposit of title deeds with the secured creditor. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002

Securitisation company

(1 of 1956) for the purpose of securitisation. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002

Secured debt

debt which is secured by any security interest [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002

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