Sicherungsuebereignungen
English translation: assignment as (collateral) security
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| 10:31 Feb 4, 2005 |
| German to English translations [PRO] Law/Patents - Accounting / Liabilities/Under Balance Sheet | |||||
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|  Selected response from: Terry Moran France Local time: 08:21 | ||||
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Answers
5 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1assignment (of ...) as security Explanation: It would be best to say what of, if you know. |
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1 hr confidence: 
mortgages Explanation: Could work here. Mortgage under Anglo-American law is a much wider concept than the German "Hypothek". It can also refer to movables and have the function of a "Sicherungsübereignung". |
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2 hrs confidence:
transfers of ownership by way of collateral or transfers of ownership as collateral security Explanation: ... |
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2 hrs confidence:
Fiduciary transfer of assets Explanation: This grants security for a debt on personal property while the debtor retains possession. (http://www.practicallaw.com/9-102-1870) Mentioned also in http://europa.eu.int/comm/enterprise/entrepreneurship/suppor... -------------------------------------------------- Note added at 2 hrs 10 mins (2005-02-04 12:41:48 GMT) -------------------------------------------------- Or \"fiduciary transfer of title\" (http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/LAWANDJUSTIC... It may be better since \"[t]he German courts have stepped into the breach by recognizing what is called, in the case of movable property, Sicherungsübereignung, and in case of accounts receivable, Sicherungszession. Thus, in order to secure a debt, a debtor may transfer the ownership in a movable thing to his creditor. This does not require a transfer of possession. Likewise, he may assign a contract right to his creditor without giving notice to the third party. In both cases, the creditors acquires the full title to the movable or the account.\" -------------------------------------------------- Note added at 2 hrs 12 mins (2005-02-04 12:43:21 GMT) -------------------------------------------------- Typo \"creditor\" acquires not \"creditors\". The source for this was http://www.wirtschaftsrecht.uni-freiburg.de/gfr/Bristol/Koet... -------------------------------------------------- Note added at 2 hrs 21 mins (2005-02-04 12:52:58 GMT) -------------------------------------------------- Further information from the World Bank website. \"The debtor remains in possession of the personal property, only legal title is transferred to the creditor. In the contract the creditor/fiduciary owner obliges himself, not to |
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1 hr confidence:
chattel mortgage Explanation: My accounting dictionary has chattel mortgage, which is a lien on property used as collateral for a loan. -------------------------------------------------- Note added at 8 hrs 55 mins (2005-02-04 19:27:00 GMT) -------------------------------------------------- I\'m glad I haven\'t used it much now - what\'s your recommendation? |
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