Journal

Volume 42 | Number 3 Summer 2007

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Secured Lending and Its Poverty Reduction Effect

by Boris Kozolchyk

Summary

  1. The Economic Effects of Commercial Secured Lending

  2. Poverty, Micro, Consumer, and Commercial Credit
    1. Micro-Credit and Its Non-Title Collateral
    2. Commercial Lending and the Self-Liquidating Loan
      1. Key Features of Commercial Collateral and the Immateriality of Its Title
    3. Commercial Lending and Debtor and Creditor Protection
  3. Cultural and Legal Factors
    1. The Relative Importance of Legal Title
    2. Duties Toward Family, Friends, and Strangers
    3. The Legal Protection of Strangers or Third Parties and the Credit Marketplace
      1. The Wrong Choice of Protected Third Parties
      2. The Wrong Choice of Protection
      3. Factors in the Choice of the Right Third Parties and Their Protection
  4. Legal Facts of Secured Lending and Their Guiding Principles
    1. The Universality of Effective Secured Lending Practice and Its Principles
    2. The NLCIFT Principles
  5. Conclusions and a Corrective Strategy

Footnotes

For complete footnote citations, download the PDF.

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