A secured debt is a debt on which payment is guaranteed by an asset or lien. This means that a secured debt has collateral; if the debtordoes not repay the debt in due course, the creditor has the legal right to take possession of the collateral and resell it to recover losses. In case of bankruptcy, the creditor is considered a secured creditor, which means the creditor … [Read more...]
shares and transactions
Unlisted Share A share which is not registered with any stock exchange and therefore does not feature on any stock exchange list is called un listed share . These share are also very difficult to sell and carry a large degree of risk. Usually, the more exchanges at which a share is listed, the greater is its liquidity. Unmatched Transactions When the purchase and sales as … [Read more...]