Garantiile nu sunt constituite fizic
English translation: security interests are not physically established
| 09:55 Dec 8, 2004 |
| Romanian to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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|  Selected response from: elenus Local time: 14:55 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 +3 | security interests are not physically established |
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| 4 | The guaranties are not based on physical /specific assets |
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| 3 | Guarantees [collateral securities] are not physically given |
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Answers
2 mins confidence: 
peer agreement (net): +3
peer agreement (net): +3security interests are not physically established Explanation: . -------------------------------------------------- Note added at 3 mins (2004-12-08 09:59:37 GMT) -------------------------------------------------- sau \"security interests are not physically represented\" -------------------------------------------------- Note added at 4 mins (2004-12-08 10:00:18 GMT) -------------------------------------------------- \"The statute sets forth rules for creating and perfecting security interests in the new \"investment property\" class of collateral. While the old article 8 assumed that most securities would be uncertificated (not physically represented by a certificate), the new statute reflects the reality that most securities are certificated and held by a securities intermediary for the actual owner. Thus, the most significant sections clarify how secured parties obtain and perfect security interests in securities accounts and mutual funds.\" www.wisbar.org/wislawmag/1998/11/briefs.html - 17k |
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