English translation: guarantee or right to receive the asset/collateral in case of default
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
security
English translation:
guarantee or right to receive the asset/collateral in case of default
1. Security Interest. Writer hereby grants to Holder a security interest in the following described property ("Security" or "Collateral" or "Security Interest"):
1,000,000 units of STIC AIM Liquidity Portfolio Select Investment Fund (or similar equivalent), or $1,000,000 worth of any other assets
.
.
.
3. Perfection. Holder has the right... to perfect the Collateral and @@security@@ and this Collateral and Security Agreement by filing a financing statement or like instrument with its proper local, state, or federal institution... or public office...
4. Remedies Upon Default. In the event of Writer's default on the Secured & Collateralized Promissory Note Document C-04282009b, Holder may declare all obligations secured hereby immediately due and payable and shall have the remedies of a secured party...; and the Writer must surrender the @@security@@ and Collateral to the Holder within 5 (five) business days of receiving written notice...
5. Normal Course of Business. ... Further, Writer may liquidate, transfer, or exchange the Collateral into another viable investment vehicle with equal or greater value, including but not limited to bonds, money market funds, mutual funds, other stocks, or private placement convertible promissory notes or other investment vehicles. However, any liquidation, transfer, or exchange into another viable investment vehicle will not affect Holder's @@security@@, rights, or claims to the underlying Collateral. At any time upon Holder's request, Writer will promptly provide update on the investment vehicle placement of this Collateral.
Explanation: Security essentially means the same things in all of the uses in the text. The one million units as described or some other asset of equivalent value is the guarantee (the holder is secured and has the right to claim/receive that equivalent monetary value) immediately is the writer defaults on the promissory note as described in the text.
-------------------------------------------------- Note added at 10 hrs (2011-06-24 20:34:22 GMT) --------------------------------------------------
I would add that that although collateral and security in one sense have the sense meaning, the use of the word security brings in a second sense for the native English speaker -- that is that you are secure/safe in making this loan because you have collateral as your security/safeguard/guarantee in case of default.
-------------------------------------------------- Note added at 15 hrs (2011-06-25 01:29:53 GMT) --------------------------------------------------
This may also be helpful, and is a more technical financial definition:
security interest
DefinitionThe right of the creditor to take all or part of a property offered as security.
Are you asking for the best choice of words in the following text: 1. Security Interest. Writer hereby grants to Holder a security interest in the following described property ("Security" or "Collateral" or "Security Interest"):
OR ARE ALL OF THOSE WORDS IN A TEXT THAT YOU ARE TRANSLATING FROM ENGLISH?
If 'security' means the same thing as 'Collateral', why don't you simply say 'the Writer must surrender the Collateral to the Holder' instead of 'the Writer must surrender the security and Collateral to the Holder'?
Automatic update in 00:
Answers
1 hr confidence:
title to real property (movable or immovable goods) in
Explanation: case you lend money to so. who then goes bankrupt. If you are holder of a security interest (you are entitled to reimbursement); see:
-------------------------------------------------- Note added at 1 Stunde (2011-06-24 11:31:15 GMT) --------------------------------------------------
decide on any acquisition, sale and mortgaging of land and other titles to real property, as well as on the giving of any sureties or guarantees, the taking-out of shares in other undertakings or institutions, and on any granting or taking of loans
Englisch: eur-lex.europa.eu/LexUriServ/LexUri...0876:EN:HTML
Ellen Kraus Local time: 03:16 Specializes in field Native speaker of: German PRO pts in category: 22
guarantee or right to receive the asset/collateral in case of default
Explanation: Security essentially means the same things in all of the uses in the text. The one million units as described or some other asset of equivalent value is the guarantee (the holder is secured and has the right to claim/receive that equivalent monetary value) immediately is the writer defaults on the promissory note as described in the text.
-------------------------------------------------- Note added at 10 hrs (2011-06-24 20:34:22 GMT) --------------------------------------------------
I would add that that although collateral and security in one sense have the sense meaning, the use of the word security brings in a second sense for the native English speaker -- that is that you are secure/safe in making this loan because you have collateral as your security/safeguard/guarantee in case of default.
-------------------------------------------------- Note added at 15 hrs (2011-06-25 01:29:53 GMT) --------------------------------------------------
This may also be helpful, and is a more technical financial definition:
security interest
DefinitionThe right of the creditor to take all or part of a property offered as security.
The translation workplace 
peer agreement (net): +4
