Glossary entry (derived from question below)
English term or phrase:
flawed asset
French translation:
protection des biens
Added to glossary by
zaphod
Apr 4, 2002 17:27
22 yrs ago
2 viewers *
English term
France
"flawed asset" arrangement
English to French
Law/Patents
The vessels the subject of any security is free of encumbrances (including, without limitation, any negative pledge or "flawed asset" arrangement) other than in favour of us.
Proposed translations
(French)
| 4 | protection des biens |
zaphod
|
| 4 | toute hypothèque ou gage des biens |
Florence Bremond
|
| 4 | imperfect assets |
aldazabal
|
Proposed translations
4 hrs
Selected
protection des biens
Common flawed asset arrangements are those in which a person will transfer their tangibles assets to a spouse to limit liability in the event of a law suit, or limit the amount each member of a privately held corporation can control to limit liability
3 KudoZ points awarded for this answer.
11 mins
Florence Bremond
France
France
Native in French
France
Art of the French language
Native in: French (Variant: Standard-France) 
Works in: English to French, French
Related KudoZ points
:
1739
toute hypothèque ou gage des biens
je crois..
864 days
English term (edited):
flawed assets
imperfect assets
I am afraid that in that definition, "flawed" refers to the arrangement, not to the asset; ie, the arrangement will be ineffective. In banking, a "flawed asset" is a deposit, used as a security for a liability, from which funds cannot be freely withdrawn until the depositor performs the "secured" obligation, thus making the deposit a "flawed" (or imperfect, when it comes to translating the term) asset.
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