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Hypotheek (in this sense)

English translation: the bank can and may secure its loan by first mortgage


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:Eeerste hypotheek nemen (De bank kan en mag als zekerheid onder hun lening)
English translation:the bank can and may secure its loan by first mortgage
Entered by: xxxjarry
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08:08 Jan 25, 2010
Dutch to English translations [PRO]
Bus/Financial - Finance (general)
Dutch term or phrase: Hypotheek (in this sense)
De bank kan en mag als zekerheid onder hun lening eerste hypotheek nemen.

I don't quite understand the 'hypotheek' here - how is the bank securing its loan with a mortgage?? Do they make the person who taken the loan have a mortgage?
Kathy Freeman
Local time: 07:57
the bank can and may secure its loan by first mortgage
Explanation:
...
Selected response from:

xxxjarry
South Africa
Local time: 08:57
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +6the bank can and may secure its loan by first mortgagexxxjarry


  

Answers


34 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
the bank can and may secure its loan by first mortgage


Explanation:
...

xxxjarry
South Africa
Local time: 08:57
Specializes in field
Native speaker of: English
PRO pts in category: 353

Peer comments on this answer (and responses from the answerer)
agree  Ron Willems: yes; that's what mortgages are for: securing loans. in Dutch we say that the home owner 'gives' the mortgage and the bank 'takes' it. so there's nothing extraordinary in this sentence.
20 mins
  -> Thanks Ron
agree  Buck
35 mins
  -> Thanks Buck
agree  philgoddard: I would say "may", not "can and may".
54 mins
  -> Thanks, but why so?
agree  Ghislaine van der Burgt: I would say 'could' and 'may' Sorry. I think you should keep both verbs like in the Dutch text, but that 'can' doesn't quite cover the meaning, whereas 'could' denotes more the possibility of the action, not the inevitability, if that makes sense.
1 hr
  -> In my view "kan" denotes the bank's ability/power, and "mag" its entitlement, or right if you wish.
agree  Kitty Brussaard: Inderdaad, de bank heeft in dit geval een 'recht van eerste hypotheek' gevestigd op het desbetreffende onderpand (bijv. woning) en heeft daarmee ook eerste rechten bij evt. gedwongen verkoop.
4 hrs
  -> Thanks Kitty
agree  Monique van Brandenburg
9 hrs
  -> Thanks Monique
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PRO / non-PRO		Non-PRO (2): philgoddard, writeaway


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Changes made by editors
Feb 1, 2010 - Changes made by xxxjarry:
Created KOG entryKudoZ term => KOG term


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