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virksomhedspant

English translation: Company Pledge


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:virksomhedspant
English translation:Company Pledge
Entered by: quincey
Options:
- Contribute to this entry
- Include in personal glossary

10:50 May 25, 2011
Danish to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Danish term or phrase: virksomhedspant
For øvrige erhverv består sikkerhederne i over- vejende grad af pant i fast ejendom og/eller virksomhedspant, mens sikkerhederne for privat primært består af fast ejendom og biler.

Is the appropriate term in this context 'business mortgages' or 'floating charges'? I'm inclined to go for the former.
quincey
Local time: 09:21
Company Pledge
Explanation:
http://www.chasecambria.com/site/journal/article.php?id=276
Selected response from:

Diarmuid Kennan
Ireland
Local time: 09:21
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4Company Pledge
Diarmuid Kennan
3commercial mortgagesTechLawDC


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Company Pledge


Explanation:
http://www.chasecambria.com/site/journal/article.php?id=276

Diarmuid Kennan
Ireland
Local time: 09:21
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 138
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6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
commercial mortgages


Explanation:
(Apparently he is saying that in some cases the collateral for mortgages may be other mortgages, namely commercial ones.)

TechLawDC
United States
Works in field
Native speaker of: Native in EnglishEnglish
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