Welcome to the 1520 Perfect Dictionary

Click on any title to read the full article

Hypothecation
HYPOTHECATION

Definitions:

i. The practice where (usually through a letter of hypothecation) a borrower pledges collateral to secure a debt or a borrower, as a condition precedent to a loan, or has a third party (usually an affiliate) pledge collateral for the borrower.

ii. The established practice of a borrower pledging an asset as collateral for a loan, while retaining ownership of the asset and enjoying the benefits therefrom.
______________________________________________________________________


* All seven elements would be in.


1. Purposeful and necessary for the parties involved.

2. Legality of an arrangement will not be a problem.

3. Involvement by all and sundry will be voluntary.

4. Applicable terms and conditions are in black and white.

5. Unplanned expenses won't be incurred afterwards.

6. Arrangements or agreements achieves objective(s).

7. (Reserved.) (Transparency, accountability reigned.)
____________________________________

See perfect CONDITIONALITY.

1520 Products

1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way.

1520 Sex Game

1520 Puzzles

1520 Marriage Game