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Borrowers hand the logbook lender the V5C vehicle registration document or "logbook"; whilst if taken to the court for civil breach of the Act (which is usually prohibitively expensive and complex), the lender would swear the transfer were purely symbolic and has no legal effect as it warns on its face, in reality they may seize the vehicle ...
A logbook (or log book) is a record used to record states, events, or conditions applicable to complex machines or the personnel who operate them. Logbooks are commonly associated with the operation of aircraft, nuclear plants, particle accelerators, and ships (among other applications).
A logbook loan is a form of secured lending in the United Kingdom and is the most common modern example of a security bill of sale. Borrowers transfer ownership of their car, van or motorcycle to the logbook lender as security for a loan. While making repayments borrowers keep possession of their vehicle and continue to use it.
The current version has the reference number V5C. Prior to computerisation, the title document was called the 'log book', and this term is sometimes still used to describe the V5C. The V5 document records who the Registered Keeper of the vehicle is; it does not establish legal ownership of the vehicle. These documents used to be blue on the front.
This is an accepted version of this page This is the latest accepted revision, reviewed on 14 February 2025. "American history" redirects here. For the history of the continents, see History of the Americas. Further information: Economic history of the United States Current territories of the United States after the Trust Territory of the Pacific Islands was given independence in 1994 This ...
The telegraph represented a disruptive innovation in the history of the United States from its invention in the 1830s onward by quickly becoming a vital part of the nation's communication infrastructure. Its relative importance declined with the spread of telephones in the 20th century.
One of two books that Lee had published (the other, Go Set a Watchman, hit stores last July), To Kill a Mockingbird both broke readers' hearts and filled them, all while making record-breaking ...
Logbook entries are sometimes of great importance in legal cases involving maritime commercial disputes. Commercial ships and naval vessels often keep a "rough log", – or "scrap log" – a preliminary draft of the ship's course, speed, location, and other data, which is then transcribed as the "smooth log", – or "official log" – the final ...