Security Principles

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Across
  1. 4. A bond must be registered within ____ months after the debt is incurred to obtain a preferential right
  2. 6. Consent may be required in terms of the Matrimonial Property Act
  3. 7. To enforce a GNB, a creditor's personal security must first be ______
  4. 9. Registration of a bond creates a _____ right
  5. 12. Essential to establish Pledge
  6. 13. A _____ debt is backed by an asset as collateral
  7. 14. Type of obligation created by guarantees
Down
  1. 1. Sureties are ________ in nature and reliant on the default of the principal debtor
  2. 2. Essential to establish Lien
  3. 3. A bond registered over movable property
  4. 5. Business _______ is a formal restructuring process available to financially distressed companies
  5. 8. Most common type of mortgage bond
  6. 10. Type of security that arises out of the operation of law
  7. 11. Type of cession where the asset is temporarily transferred as security for the debt