• 04 Sep

    Deed Of Priority For Chargeholders

    Factoring and invoice discounting often work well when combined with other forms of lending. Often an invoice financier will seek to take a charge or debenture over their client's business in order to secure the book debts as their security. This can interfere with other lenders who also require a charge or debenture to secure their own forms of lending. In such situations a "deed of priority" is a legal document that can be used to define the order of priority between the different charge holders.

    By Glenn Blackman

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