The Tender For Law

English Only

ENGLISH is the international language of law and commerce. Knowing FRENCH is useful for understanding LEGAL ENGLISH, but FRENCH is not the international language of law and commerce, so we will ignore French speakers who speak to us in the language of a conquered people.

Non.

I understand that you are a proud Québécois, but the people here have nothing but contempt for you because of decades of transfer payments and NONE OF YOU understanding what Quebec sovereignty means. None of you know who Russell Rogers Smith is, and you're too proud and arrogant to teach. Just go away and be Retardier somewhere else.

Volume 2

Jun 10, 2013 9:06 PM

Stuart Stone

Top of my head/out of the ass reasoning here...the valuable security is liened into trust (taking it out of the public domain & into the private), the lien has (face) value and the security serves as a form of collateral/secured debt (I think)...

If that reasoning is correct, then the trust may be equivalent to an account holding the security, so the valuable security could be marked in the books of the company as an asset held in trust (account), which would probably make it money of account with its face value being the amount you liened it for.

You can then 'use' this asset to acquire credit...

I don't think I quite have the terminology correct, but my guess is that the lien can be treated as 'like money'/a negotiable instrument, which would make neither the valuable security nor the lien an account as such, but the trust may be considered an account.

Damn it, there goes my relaxing evening...time to hit the books & learn how securities and liens are accounted for :P

Printed copy · Anthology Volume 1, page 425
Printed copy of this comment
Printed copy from The Tender For Law Anthology, Volume 1, page 425 (printed 14 June 2014). Added by this site; not part of the Facebook export.