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Spanish to English translations [PRO]
Finance (general) / mortgage | | Spanish term or phrase: hipoteca de máximo | I know this has been asked and answered before, but I don't think the answers given were correct. I now have a definition of hipoteca de máximo:
Se conoce como hipoteca de máximo aquella hipoteca de seguridad (constituida en garantía de determinada obligación cuyos elementos no se encuentran todos registralmente determinados) en la que no aparece fijado el importe exacto de la obligación asegurada, sino sólo el máximo a que puede ascender la responsabilidad hipotecaria.
Would anybody know what that is now? |
| MJ BarberKudoZ activityQuestions: 1409 ( 1 open) ( 21 without valid answers) ( 61 closed without grading) Answers: 1352
| | Local time: 08:55
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| | a mortgage for securing actual and contingent liabilities up to an overall maximum amount | Explanation:
From an Internet source
Alternatively, another form of mortgage ("hipoteca de maximo") might be utilised. This form of mortgage is capable of securing actual and contingent liabilities up to an overall maximum amount. This form of mortgage will apply e.g. to revolving credit facilities. However, enforcement might be less straightforward than in the case of a mortgage securing defined actual liabilities as the lender will be put to prove of quantum of the obligations secured.
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| Selected response from:
David Brown
Local time: 08:55
| Grading comment Good explanation, but not actually a term I can use. The client suggested "Maximum amount mortgage", which isn't actually an accepted term, but fits the bill nicely enough until we come up with something else
2 KudoZ points were awarded for this answer |
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25 mins confidence:   peer agreement (net): +1 | hipoteca de máximo a mortgage for securing actual and contingent liabilities up to an overall maximum amount
Explanation:
From an Internet source
Alternatively, another form of mortgage ("hipoteca de maximo") might be utilised. This form of mortgage is capable of securing actual and contingent liabilities up to an overall maximum amount. This form of mortgage will apply e.g. to revolving credit facilities. However, enforcement might be less straightforward than in the case of a mortgage securing defined actual liabilities as the lender will be put to prove of quantum of the obligations secured.
| David Brown
Local time: 08:55
Native speaker of:  English
PRO pts in category: 117
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| | Grading comment | Good explanation, but not actually a term I can use. The client suggested "Maximum amount mortgage", which isn't actually an accepted term, but fits the bill nicely enough until we come up with something else |
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36 mins confidence: | hipoteca de máximo capped mortgage
Explanation:
We use the term capped mortgage (because the definition is similar) but you could also give an explanation such as mortgage with a stipulated maximum liability.
What is a capped mortgage? - [ Traduzca esta página ]
What Is A Capped Mortgage? Capped rate mortgages work by putting a limit on the
maximum interest you pay on your mortgage over an agreed introductory period. ...
www.life-assurance-bureau.co.uk/ mortgages/faqs/What-is-a-capped-mortgage.htm - 13k - En caché - Páginas similares
| Katherine Matles
Spain
Local time: 08:55
Specializes in field
Native speaker of: English
PRO pts in category: 20
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2 hrs confidence:
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