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  3. Law: Contract(s)

von seinem Valutabetrag

English translation: of his established equity (repayment of mortgage)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:von seinem Valutabetrag (Grundschuldtilgung)
English translation:of his established equity (repayment of mortgage)
Entered by: Roland Grefer

15:14 Apr 4, 2001
German to English translations [Non-PRO]
Bus/Financial - Law: Contract(s)
German term or phrase: von seinem Valutabetrag
From a contract for the sale of land:

Der Grundpfandrechtsgläubiger darf das Grundpfandrecht nur insoweit als Sicherheit verwerten oder behalten, als er tatsächlich _von seinem Valutabetrag_ Zahlungen mit Tilgungswirkung auf die Kaufpreisschuld des Käufers geleistet hat.
Lee Penya
of his established equity
Explanation:
In this context "valuta" refers to the value, or rather the equity, established in the land. Only the percentage of the land already paid off may be used as a security for other purposes. In case of a mortgage type of payment arrangement, this would only be the amount of the principal that has already been paid off.
Selected response from:

Roland Grefer
Local time: 05:23
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
naof his established equity
Roland Grefer
na -1of its exchange value
Parrot
na -1amount in local (or foreign) currency
Andy Lemminger


  

Answers


9 mins peer agreement (net): -1
of its exchange value


Explanation:
"valuta" is Italian for exchange.

Parrot
Spain
Local time: 11:23
Specializes in field
Native speaker of: English
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
Pro-Japanese
disagree  Roland Grefer: valuta in this context refers to the amount of equity one has in the property
138 days
Login to enter a peer comment (or grade)

1 day 10 hrs peer agreement (net): -1
amount in local (or foreign) currency


Explanation:
local or foreign depends on context


    Business Dictionary Pasakarnis
Andy Lemminger
Canada
Local time: 03:23
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 22

Peer comments on this answer (and responses from the answerer)
disagree  Roland Grefer: refers to the amount of equity one has in the property
137 days
Login to enter a peer comment (or grade)

138 days
of his established equity


Explanation:
In this context "valuta" refers to the value, or rather the equity, established in the land. Only the percentage of the land already paid off may be used as a security for other purposes. In case of a mortgage type of payment arrangement, this would only be the amount of the principal that has already been paid off.

Roland Grefer
Local time: 05:23
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
Login to enter a peer comment (or grade)



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