derecho de credito

English translation: collateralising of choses in action

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:prenda sobre los derechos de crédito
English translation:collateralising of choses in action
Entered by: Adrian MM. (X)

08:12 May 24, 2006
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / prenda sobre los derechos de crédito
Spanish term or phrase: derecho de credito
From a list of securities for a loan:

- Prenda sobre los derechos de crédito derivados de préstamos que la sociedad dominante y las guarantes ostenten sobre otras sociedades del grupo.


- Collateral on liens derived from loans that the controlling company and the guarantors hold over other companies of the group

Is this right? Any thoughts.

Many thanks in advance
Tatty
Local time: 13:59
collateral assignment/collateralising/ of choses in action
Explanation:
Liens are a red herring, I fear. Assignment of choses in action is an EN law term of art.

FHS Bridge FR/EN Council of Europe glossary entries for the equiv. of droit de créance: right to receive payment of a debt or performance if an obligation; chose in action; claim; right in personam; obligation.


Selected response from:

Adrian MM. (X)
Local time: 13:59
Grading comment
Many thanks.
4 KudoZ points were awarded for this answer



Summary of answers provided
4pledge over liens/credit rights
MikeGarcia
4collateral assignment/collateralising/ of choses in action
Adrian MM. (X)
3lien on personal rights / lien on credit rights
Margarita Ezquerra (Smart Translators, S.L.)


Discussion entries: 1





  

Answers


28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
lien on personal rights / lien on credit rights


Explanation:
Suerte

Margarita Ezquerra (Smart Translators, S.L.)
Spain
Local time: 13:59
Specializes in field
Native speaker of: Spanish
PRO pts in category: 1002
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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
pledge over liens/credit rights


Explanation:
As per the Alcaraz Varó Hughes Legal, and the Financial, Dictionaries.-

MikeGarcia
Spain
Local time: 13:59
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 450
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10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Prenda sobre los derechos de crédito
collateral assignment/collateralising/ of choses in action


Explanation:
Liens are a red herring, I fear. Assignment of choses in action is an EN law term of art.

FHS Bridge FR/EN Council of Europe glossary entries for the equiv. of droit de créance: right to receive payment of a debt or performance if an obligation; chose in action; claim; right in personam; obligation.




Example sentence(s):
  • Assignment of choses in action. Sections 42-117 to 42-125, inclusive, are repealed. (1949 Rev., S. 6718-6726; 1959, PA 133, S. 10-102.) ...
  • Le droit de créance (ou obligation) est un droit qui porte sur une personne, le débiteur, et que détient le créancier. Ce droit permet au créancier d'exiger ...

    Reference: http://www.cga.ct.gov/2005/pub/Chap738.htm
    Reference: http://fr.wikipedia.org/wiki/Droit_de_créance
Adrian MM. (X)
Local time: 13:59
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 87
Grading comment
Many thanks.
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