Mortgage Of Shares (In Favour Of Single Lender)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Mortgage of sharesBusiness activity
Mortgage sharesA mortgage of shares is a type of security interest in which the shares of a company are used as collateral for a loan. The shares can be mortgaged to a lender in order to secure the loan and the borrower is then obligated to make monthly payments to the lender. If the borrower defaults on the loan, the lender can foreclose on the shares and sell them in order to recoup the loan amount.
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