398) Accordingly, when the damage occurs, the mortgage lender is deemed to have an equitable lien on the proceeds of the insurance. T]he underlying purposes of a constructive trust and equitable lien [are] applicable to the circumstances of this case . Accordingly, the broker sued the buyer for the commissions on the legal theory that it had an equitable lien for her commissions.
GBX Currency -- Pence Sterling. Pence sterling is a subdivision of Pound sterling, the currency for the United Kingdom. Stocks are often traded in pence rather than pounds and stock exchages often use GBX to indicate that this is the case for the give stock rather than use the ISO 4217 currency symbol GBP for pounds sterling.
The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling.