Taking security over choses in action
A note on taking security over choses in action. A chose in action is an asset that can only be claimed or enforced by action at law or equity, rather than by taking physical possession of the asset.
The note looks at how to take security over various types of choses in action such as rights under contracts, debts, financial instruments and cash deposits in bank accounts.
For a multi-jurisdictional guide to finance which includes information on taking security over claims and receivables in various jurisdictions, see Finance multi-jurisdictional guide.