insurable-interest secured transfer of ownership
Quelle: https://de.wikipedia.org/wiki/Sicherungs%C3%BCbereignung
TL;DR
A security arrangement in which the debtor transfers ownership of an asset to the creditor as security while retaining possession of the asset, so that the creditor holds ownership as collateral for an obligation. In case of default, the creditor may claim the asset or its proceeds. The concept of insurable interest relates to the requirement that the holder have …
A security arrangement in which the debtor transfers ownership of an asset to the creditor as security while retaining possession of the asset, so that the creditor holds ownership as collateral for an obligation. In case of default, the creditor may claim the asset or its proceeds. The concept of insurable interest relates to the requirement that the holder have a legitimate interest in the insured asset for insurance purposes.
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