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English to German translations [PRO]
Law/Patents - Law: Contract(s) | | English term or phrase: secure preferential mortgage | PRICE AND DOWN PAYMENT
The purchase price is $XXX payable $YYY on signature of deed of sale and the balance over a six year term of ZZZ per year, plus annual interests of 6%.
The balance of sale will be guaranteed by a ***secure preferential mortgage*** in the name of the vendor. |
|   Kathi StockKudoZ activityQuestions: 578 ( 4 open) ( 2 without valid answers) ( 1 closed without grading) Answers: 1745
United States
| | Local time: 23:22
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| | erstrangige Grundschuld | Explanation:
This is what it would be in Germany.
It's as secure as you can get, so I wouldn't add "sichere"
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Note added at 6 mins (2005-09-15 12:46:10 GMT)
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perhaps "abgesicherte" |
| Selected response from:
Michael Rose
Local time: 06:22
| Grading comment Thanks!
4 KudoZ points were awarded for this answer |
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The translation workplace 
peer agreement (net): +1
