GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
19:47 Jan 9, 2002 |
Spanish to English translations [PRO] Law/Patents | |||||
---|---|---|---|---|---|
|
| ||||
| Selected response from: Marian Greenfield Local time: 10:33 | ||||
Grading comment
|
First Class Mortgage Explanation: It's the first one to be paid in any transaction with the document in question. |
| |
Login to enter a peer comment (or grade) |
a Mortgage is hereby constituted/recorded Explanation: a primary mortgage is hereby constituted as a collateral |
| |
Login to enter a peer comment (or grade) |
first mortgage Explanation: To set up a first mortgage to cover the balance on the total price (of the property). Las hipotecas varían de grado en grado en español. En inglés son first, second, third, etc... La de primer grado es usada para financiar el saldo del precio total del inmueble (luego de pagar la cuota inicial - o poner el pie, como le dicen en Chile). Ojalá te ayude! Patty |
| |
Login to enter a peer comment (or grade) |
establish a senior mortgage to secure the outstanding balance of the price Explanation: senior mortgage = first mortgage = the one that is first in line for payment www.ilrg.com/forms/mortdeed.html www.dearborn.com/download/iared/chapter08.htm www.ci.chi.il.us/Mayor/Ordinances2001/Dec5/8027SDrexel.txt www.real-estate-law.com/articles/smf.htm etc, etc. 20 years of experience as a financial translator |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.