Document background
The Bill of Sale Finance Agreement is a crucial financing instrument in England and Wales, particularly valuable when businesses or individuals need to raise capital while retaining use of their assets. This document type, regulated by the Bills of Sale Acts and associated legislation, provides a framework for secured lending against movable property. The agreement details the finance terms, describes the secured assets, outlines payment obligations, and specifies the lender's rights in case of default. It's particularly relevant in situations where traditional unsecured lending isn't suitable or when preferential rates are sought through asset security.
