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participaciones de fondos de inversión

English translation: mutual fund shares

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	participaciones de fondos de inversión
English translation:	mutual fund shares
Entered by:	oligreen

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15:15 May 1, 2006

Spanish to English translations [PRO]
Law/Patents - Finance (general) / tender contract

Spanish term or phrase: participaciones de fondos de inversión

In one of the appendices of an Administrative Specifications Sheet (Pliego de Claúsulas Administrativas Particulares) for a tender to contract the construction and management of a hospital in Spain

The name of this appendix is
"Modelo de garantía mediante pignoración de ***participaciones de fondos de inversión***"

Can it be that the shares in an "investment fund" are to be pledged as collateral? I have seen investment funds as mainly companies that individuals can invest in, but I would like to make sure that this isn't something totally different when talking about shares pledged as collateral.

Thanks in advance,
Oliver