Inicio > Term: accessory obligation
accessory obligation
Obligation which is incidental to another principal obligation, e.g. the obligation of a surety or lien. The accessory obligation is extinguished with the principal obligation. Opposite: non-accessory obligation: this form of security is separate from the claim it secures and therefore remains in force without the claim (e.g. a land charge).
- Parte del discurso: noun
- Industria/ámbito: Banca
- Categoría: Banca de inversión
- Company: UBS
0
Creador
- Stefan K
- 100% positive feedback