Trustee One who holds legal title to a property for the benefit of another, or for the purpose of securing performance of an obligation.

Loan Security is immovable property or surety by a third person, which secures the proper performance of the obligations of the Borrower to Universe Investment Limited arising from the Agreement.

Collateral Provider: any such person (including the Client) who provides collateral for securing the Client’s obligations under or in connection with the Agreement.

Title: The evidence of the right to or ownership in property.

A client who pays 15 days or more before the maturity period receives a dicount equivalent to three percent (3.0%) of the remianing debt.

If the Client fails to fulfil any of its payment obligations existing under the agreement when due, the Client shall, on any overdue debt, pay commission on exceeding limit if the client disburse the debt in no more than 5 days.

All the five loan types exhibit to use the same collateral. The acceptable securities and collateral for the loan may be one and only one of the following:

1. Stock Certificate: the client may issue the “Stock certificate” as a collateral which may be from either local company. If the stock certificate is not in the names of the client, the client is requested to attach the mortgage contract.

2. Fixed asset: a collateral for loan can be in terms of a fixed asset. The client securing the loan with a fixed asset must provide a “title” to that asset.

3. Cheques: a client who has an active bank account can use cheque as a guaranty for the loan. The client must issue a current and update bank statement of account for consideration before pre-approval of the loan.

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