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English to Russian translations [PRO] Bus/Financial - Finance (general)
English term or phrase:unqualified ownership
The Bank acquires ownership by way of security of the cheques and bills presented to it for collection at the time they are presented. The Bank acquires ***unqualified ownership*** of discounted bills at the time the bill is purchased; if the Bank debits the discounted bills back to the account, it retains the ownership by way of security to these bills.