DEBT FINANCING: SECURED LENDING PROFESSIONAL ENGLISH IN USE FOR LAW

 

PROFESSIONAL ENGLISH IN USE FOR LAW 22.DEBT FINANCING: SECURED LENDING

 

A Granting security Usha Patel, a company lawyer, is advising Patsy Niclsen, the director of her client company, Rosie Glow Cosmetics Limited. The client wishes to acquire and equip new business premises which are offered for sale, together with an adjacent unit, for a price of £280,000. W.W.Jones Bank has offered the company a loan of £300,000.   B The terms of charge EXERCISES 22.1 Complete the definitions. Look at A opposite to help you. 1. grant ______________ ______________ ______________ - agree to secure the changing assets of a company, for example stock, not any specific asset 2. grant ______________ ______________ ______________-agree to secure a particular asset, for example equipment or property. 22.2 Complete this extract from a law firm’s website with words from the box. Look at A opposite to help you. A company may be funded by a loan, for example from a bank, on which it pays interest and for which repayment may be guaranteed by a (1)______________ or a (2)______________ on one of the company’s (3)______________, for example a building or land owned by the company. This is 22.3 Complete the table with words from A and Bopposite and related forms. Put a stress mark in front of the stressed syllable in each word. The first one has been done for you. Then complete the sentences below with words from the table. 1. A ______________ agrees to a charge over their property as a security for a loan. 2. A ______________ lends money to the mortgagor and has a charge over the mortgagor’s property. 3. A ______________ grants a lease on a property.

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