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Re-characterisation
Designates the action of a judge when he decides to categorise a transaction not as initially intended by the arranger/originator. For instance, this happens in the context of a securitisation, when a judge decides that a transaction was not a sale but a secured financing, and therefore when he considers that there was no "true sale".
Re-characterisation
Designates the action of a judge when he decides to categorise a transaction not as initially intended by the arranger/originator. For instance, this happens in the context of a securitisation, when a judge decides that a transaction was not a sale but a secured financing, and therefore when he considers that there was no "true sale".
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Definition of Re-characterisation - Finance dictionary
