- 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.