Intangibles  Dollars, Promissory Notes, Credit Agreements, Bonds

Double Entry Bookkeeping: The Role of Intangibles and Their Securitization

Double entry bookkeeping, the standard method for recording financial transactions, hinges on balancing two sides: debits and credits. Within this system, intangible assets such as loans represented by promissory notes, credit agreements, and Federal Reserve Notes (“Dollars”) play a critical role. Each of these assets, while not physical, has a value that must be accounted for.

These intangible assets often undergo securitization—a financial practice that pools various types of debt and sells them as consolidated securities. This process is integral to double entry bookkeeping, as it converts intangible debt obligations into tangible securities that can be traded. This not only affects the individual entries in the ledgers but also the broader financial market, influencing liquidity and the availability of credit.

Moreover, the securitization of intangible assets reflects on a company’s balance sheet and affects financial ratios, carrying implications for investors and stakeholders. In essence, the robust double entry system relies heavily on the existence and accurate representation of these intangibles, ensuring that every financial action is accounted for and balanced by an equal and opposite entry.

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When the Debt Is Discharged but the LIEN Remains: Why Auto and Home Loan Lenders Who Ignore Lawful Tender Are Committing Fraud and Commercial Crimes

This article delivers a devastating legal breakdown proving that lawful tender—once made and unrebutted—discharges auto loan debt under UCC §§ 3-601, 3-603, 3-310, 2-206, and 1-103, as codified in Cal. Com. Code §§ 3601, 3603, 3310, 2206, 1103, Fla. Stat. §§ 673.6011, 673.6031, 673.3101, 672.206, 671.103, and N.C.G.S. §§ 25-3-601, 25-3-603, 25-3-310, 25-2-206, 25-1-103. It exposes refusal to release a lien after lawful discharge as actionable fraud, conversion, embezzlement, and obstruction under state and federal law. With verified case law and commercial principles, it explains how silence equals acceptance and how creditors become commercially estopped. A must-read for secured parties, fiduciaries, and equity claimants demanding lien removal, declaratory relief, and commercial remedy.

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How a Perfected Security Agreement and UCC Filings Strip Servicers of Foreclosure Rights

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