Real Securities

Real Securities in Europe

Definition of Real Securities

Securities charged on land. The Trustee Act, 1925, s. 5, provides : (1) A trustee having power to invest in real securities may invest : (a) on mortgage of property held for an unexpired term of not less than two hundred years, and not subject to a reservation of rent greater than a shilling a year, or to any right of redemption, or to any condition for re-entry, except for non-payment of rent ; and (b) on any charge under the Improvement of Land Act, 1864. (2) The trustee may accept the security in the form of a charge by way of legal mortgage

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Definition of Real Securities is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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