cross capitalization

07:50 Dec 7, 2010
English to Romanian translations [PRO]
Law/Patents - Law: Taxation & Customs / contract de garantie reala imobiliara
English term or phrase: cross capitalization
este vorba de acelasi gaj pentru mai multe imprumuturi, nu stiu care este termenul juridic in lba romana. Multumesc!
Local time: 18:31

Summary of reference entries provided
"cross guarantee"
Ilona Roberts
Cross capitalization= Cross-collateralization
Claudia Coja


Reference comments

20 mins peer agreement (net): +1
Reference: "cross guarantee"

Reference information:
poate va ajuta postarea legata de acest termen:

sincer, e prima data cand aud de "cross capitalization" in acest sens

as propune "capitalizare incrucisata", insa nu sunt convinsa ca este un termen uzitat

"cross guarantee" se traduce prin "girare de credit incrucisata"

Ilona Roberts
Native speaker of: Native in RomanianRomanian, Native in HungarianHungarian

Peer comments on this reference comment (and responses from the reference poster)
agree  Claudia Coja: da, ar fi bine sa postati:)
2 hrs
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2 hrs
Reference: Cross capitalization= Cross-collateralization

Reference information:
When collateral for one loan is also serving as collateral for other loans. For example, in the real estate market, cross-collateralization can occur when a person already owns a house, and wants to buy another one.
The act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan's scheduled repayments in time, the affected lender(s) can eventually force the liquidation of the asset and use the proceeds for repayment.
Technically, taking out a second mortgage on a property is considered to be cross collateralization. In such a case, the property is originally used as collateral for the mortgage. The second mortgage is then tapping into the equity that the property's owner has accrued for collateral.

Claudia Coja
Native speaker of: Native in RomanianRomanian
PRO pts in category: 12
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