English translation: advance authorisation of hypothecation
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14:09 Feb 6, 2009
German to English translations [PRO] Law/Patents - Real Estate / Property Law
German term or phrase:Vorwegbeleihungsvollmacht
This is from a complex case regarding restitution of land in former GDR. This is the header in a contract relating to the sale of a plot of land.
The meaning is fine but I'm looking for the precise UK equivalent if it exists or a neat way to describe the concept.