Real Right of Pledge

Real Right of Pledge - The Real Right of Pledge is a security interest that allows a creditor to hold a tangible asset or property as collateral to secure a debt or obligation from the debtor. In the event of default, the creditor has the right to seize and potentially sell the pledged property to satisfy the debt, subject to the rules and procedures outlined in the governing law.

Class Information

JSON JSON-LD OWL XML Markdown

Identification

Label (rdfs)
Real Right of Pledge
Preferred Label
None
Alternative Labels
Collateral Right, Pledge Right
Identifier
N/A

Definition and Examples

Definition
The Real Right of Pledge is a security interest that allows a creditor to hold a tangible asset or property as collateral to secure a debt or obligation from the debtor. In the event of default, the creditor has the right to seize and potentially sell the pledged property to satisfy the debt, subject to the rules and procedures outlined in the governing law.
Examples
  • N/A

Translations

N/A

Class Relationships

Sub Class Of
Is Defined By
N/A
See Also
N/A

Additional Information

Comment
N/A
Description
N/A
Notes
  • N/A
Deprecated
False

Metadata

History Note
N/A
Editorial Note
N/A
In Scheme
N/A
Source
N/A
Country
N/A

Graph

Real Right of PledgeReal Right of Pledge - The Real Right of Pledge is a security interest that allows a creditor to hold a tangible asset or property as collateral to secure a debt or obligation from the debtor. In the event of default, the creditor has the right to seize and potentially sell the pledged property to satisfy the debt, subject to the rules and procedures outlined in the governing law.Property RightsProperty Rights - Property rights refer to the legal entitlements associated with the ownership, use, and disposition of property, including land, buildings, and other immovable assets. These rights generally include the ability to possess, control, lease, sell, and bequeath the property, subject to certain limitations imposed by lawRight to Seize AssetRight to Seize Asset - The Right to Seize Asset refers to the legal authority given to a creditor to take possession of a debtor's property or asset used as collateral for a secured debt or obligation. This action usually occurs when the debtor defaults on the loan or violates the terms of the contractual agreement, and it is carried out according to procedures outlined in the governing law or contractRight to ForecloseRight to Foreclose - The Right to Foreclose is the legal authority granted to a lender to initiate proceedings to take possession of a property used as collateral when a borrower defaults on a loan. This right allows the lender to sell the property in order to recoup the outstanding loan amount, interest, and any associated costs, subject to specific regulations and procedures outlined in the mortgage agreement and applicable lawsub_class_ofparent_class_ofsee_alsois_defined_byselfsub_class_ofparent_class_ofsee_alsois_defined_by