Download or read book The importance of security in lending written by Jennie Robinson and published by GRIN Verlag. This book was released on 2018-07-13 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Business economics - Investment and Finance, grade: 60.00, School of Oriental and African Studies, University of London (CEFIMS), course: Finanicial Law, language: English, abstract: Living in an uncertain economy with financial instability, makes it harder to bring about secure financial transactions. Indeed, the availability of information regarding the borrower to the lender has been seen as asymmetrical and led to some problems associated with credit risk. Hence the need for security for the lender. In this case, floating charge in particular is an English innovation in security that very well serves both borrower’s and lender’s objectives.