(purchase money) security interest

Spanish translation: }Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

08:17 Jun 12, 2000

English to Spanish translations [PRO]
Law/Patents

English term or phrase: (purchase money) security interest

This is from a credit card contract:
Each accountholder grants us a purchase money security interest under the Uniform Com. Code in each item of merchandise purchase on the Account... to secure only the purchase price of the merchandise until that amount is paid in full. If you do not make payments as agreed, this secuiry interest allows us to repossess...the merchandise which has not been paid in full. ..We waive any right to a security interest or lien on your dwelling...

david howard

Spanish translation:}Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

Explanation:
Cada cuentahabiente/titular de la cuenta otorga una garantía prendaria de conformidad con las disposiciones del Código de Comercio Uniforme sobre cada artículo adquirido a través/mediante la cuenta...

Suerte!

Selected response from:

Alexandro Padres Jimenez
Local time: 15:01

Grading comment

¡Mil gracias! Excelente respuesta. Saludos, David
4 KudoZ points were awarded for this answer

Summary of answers provided

na +1

interés de garantía (sobre el precio de compra)

Gonzalo Tutusaus

Term most used in Colombia is:

Luz Bordenkircher

}Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

Alexandro Padres Jimenez

Derecho de vender un unmueble para satisfacer una deuda.

milonguera

Answers

17 mins

Term most used in Colombia is:

Explanation:
"interés prendario"

Good Luck!

Luz Bordenkircher
Local time: 15:01
Native speaker of:

English,

Spanish
PRO pts in pair: 208

51 mins peer agreement (net): +1

interés de garantía (sobre el precio de compra)

Explanation:
I think this is the term you are looking for. In the site below I found the following: "un interés de garantía sobre un número suficiente de bienes propiedad del comprador para asegurar el reembolso al vendedor", which I think comes pretty close to your case. I suggest you check the context in order to make sure that this is the right translation. Regards.

Reference: http://www.uc3m.es/uc3m/dpto/PR/dppr03/cisg/7.html

Gonzalo Tutusaus
Netherlands
Local time: 21:01
Native speaker of:

Spanish
PRO pts in pair: 2176

1 hr

}Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

Alexandro Padres Jimenez
Local time: 15:01
PRO pts in pair: 208

Grading comment

¡Mil gracias! Excelente respuesta. Saludos, David

4 hrs

Derecho de vender un unmueble para satisfacer una deuda.

Explanation:
This translation comes from:

Wiley's Eng-Span, Span-Eng Business Dictionay. Author: Steven M. Kaplan.

It is a longer translation, but one that clarifies the legal meaning.

milonguera
United States
Local time: 12:01
PRO pts in pair: 3

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(purchase money) security interest

Spanish translation: }Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

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(purchase money) security interest

Spanish translation: }Basically, this is a "garantía prendaria", a guarantee that uses as collateral movable property

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