THE PROFILE OF THE CREATION AND ESTABLISHMENT OF SECURITY INTEREST: FORMS AND FORMAT IN COMMERCIAL TRANSACTIONS

Abstract

Secured transactions are mostly obscure; access to finance plays a very important role in business transaction, most businesses require funding and to obtain funding, assurances such as security inform of property is required by the lender. The basic reason for security is to limit the risk on the part of the lender by mitigating and providing alternative source of income for repayment should there be a problem in the repayment arrangement. Many businesses all over the world survive on funding and funding are provided because security for such lending is provided.