Securitisation - Law Dictionary Search Results
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)]
Secured asset
Secured asset, means the property on which security interest is created. [Securitisation and Reconstruc-tion of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zc)]
Reconstruction company
Reconstruction company, means a company formed and registered under the Companies Act, 1956 (1 of 1956) for the purpose
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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)]
Property
know-how, patent, copyright, trade mark, licence, franchise or any other business or commercial right of similar nature. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(t)] Means any property of
Financial assistance
Financial assistance, means any loan or advance granted or any debentures or bonds subscribed or any guarantees given or
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)]
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
Financial Institution
the Central Government may, by notification, specify as financial institution for the purposes of this Act. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1) (m)] Financial institution
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)]
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