What can be used as a surety?
Betsie
Last Update منذ ٣ أعوام
1. Notarial covering bond over movable or immovable property
A notarial bond is a form of credit security that is registered in the Deeds Office over some kind of movable property that the debtor has put up as security for its obligations to the creditor in terms of the loan. Typical examples of movable property bonded notarially are vehicles, jewellery, valuable artworks, and Kruger Rands.2. Unencumbered Life Policy / Unencumbered Assets
Unencumbered refers to an asset or property that is free and clear of any encumbrances, such as creditor claims or liens.
3. Cession of Book of debt (Debtors)
4. Cession of securities