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 pound sterling (symbol: Â£ ; ISO code: GBP), commonly known simply as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.It is subdivided into 100 pence (singular: penny).he pound sterling is the world's oldest currency still in use and which has been in continuous usage since its inception. The British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling:  Guernsey pound  and  Jersey pound .