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providing one of the exceptions to the general prohibition on appointing an Administrative Receiver applies; this is, the charge was made before 15 September 2003.
[See 'Floating Chargeholders', 'Fixed Charge Receivers', 'Insolvency Practitioner', and 'Administrative Receiver'.]
Layering is the second stage of money laundering. It is essentially the use of placement and extraction over and over again, using varying amounts each time, to make tracing transactions as hard as possible. Basically, it conceals the source of the money through a series of transactions and bookkeeping tricks.
[See 'Money Laundering', 'Placement' and 'Integration'.]
It means the grant by the court of something, which, without such grant, it would have been unlawful to do.
Legal title means the absolute ownership of 'real property' that is enforceable in a court of law.
Legal title to real property is evidenced by a deed that is recorded in the public records in the county where the property is located.
'Real property' is a parcel of land and everything that is permanently attached to that land. The owner of real property has all of the rights of ownership, including the right to possess, sell, lease, and enjoy the land.
Real property may be classified according to its general use as residential, commercial, agricultural, industrial, or special purpose. In order to understand if a
