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Verhaften / Querhaftung

English translation: use/cross-collateralization

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Verhaften / Querhaftung
English translation:use/cross-collateralization
Entered by: Steve Yates
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06:03 Dec 9, 2004
German to English translations [PRO]
Bus/Financial - Finance (general) / banking
German term or phrase: Verhaften / Querhaftung
Kann man mit einer weiten Zweckbestimmungserklärung die Hypothek als Sicherheit auch für künftige andere Immobilienfinanzierungen „verhaften“ (Querhaftung)?

This comes from a list of questions that a German bank is asking about banking in Norway.
Gillian Searl
United Kingdom
Local time: 11:42
cross-collateralization
Explanation:
Not entirely sure what to do with 'verhaften' - maybe 'put up (the mortgage as security...)
Selected response from:

Steve Yates
Local time: 11:42
Grading comment
I found out that "verhaften" simply means "use". Thanks
4 KudoZ points were awarded for this answer

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Summary of answers provided
3cross-collateralization
Steve Yates


  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
cross-collateralization


Explanation:
Not entirely sure what to do with 'verhaften' - maybe 'put up (the mortgage as security...)


    Reference: http://www.investorwords.com/1219/cross_collateralization.ht...
Steve Yates
Local time: 11:42
Works in field
Native speaker of: English
PRO pts in category: 12
Grading comment
I found out that "verhaften" simply means "use". Thanks
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Changes made by editors
Jul 22, 2005 - Changes made by Steffen Walter:
Field (specific)Business/Commerce (general) » Finance (general)


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