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The asker opted for community grading. The question was closed on 2009-11-07 15:02:47 based on peer agreement (or, if there were too few peer comments, asker preference.)
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German to English translations [PRO]
Bus/Financial - Finance (general) | | German term or phrase: Sicherheit bestellen | Hi there,
Would anyone with financial expertise out there know the most appropriate translation for "bestellen" in the context of raising collateral for a loan?
Would you normally "order" collateral" or "request" it?
Or is there a better option again?
For reference, the specific (awful) context is as follows:
"Der Kreditnehmer wird Dritten für gleichartige Kredite des Kreditnehmers oder sonstiger Personen keine wie immer geartete Sicherheit bestellen und keine Verpflichtungen eingehen, die eine Bestellung von Sicherheiten für solche Kredite zugunsten Dritter zum Gegenstand haben, ohne dass die Bank zuvor oder gleichzeitig und im gleichen Rang an diesen Sicherheiten beteiligt wird oder der Bank gleichwertige Sicherheiten bestellt worden sind"
My attempt at this thus far is as follows:
"In the case of borrower loans of the same type, the borrower shall not order any collateral whatsoever from a third party or from another individual or enter into any obligations where the object of which is the ordering of collateral for such loans in favour of the third party, without the bank contributing to this collateral either before or in parallel and to the same extent, or of collateral of a similar value being ordered from the bank."
However, I'm not convinced that "order" is the correct term here :(
All insightful assistance much appreciated :) |
| Sinead HealyKudoZ activityQuestions: 225 ( 1 open) ( 14 without valid answers) ( 9 closed without grading) Answers: 0
| Local time: 23:47
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| | furnishing of collateral (securities) | Explanation:
"Bestellung von Sicherheiten".
In diesem Kontext bedeutet "bestellen" ja nicht, dass der Kreditgeber Sicherheiten fordert, sondern das der Kreditnehmer solche anbietet. Deswegen passt "order" oder "request" hier nicht.
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Note added at 50 Min. (2009-11-04 08:37:17 GMT)
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http://www.dict.cc/englisch-deutsch/furnishing of collateral...
And if you type this phrase into google, you will find loads of relevant examples. |
| Selected response from:
Michél Dallaserra
Germany
Local time: 00:47
| Grading comment I actually went with "provide" in the end but your feedback was key to pointing me in the right direction, thanks so much!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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The translation workplace 
peer agreement (net): +5