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account charge

French translation: request for clarification

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02:20 Dec 5, 2000
English to French translations [PRO]
Law/Patents
English term or phrase: account charge
The obligations of the Chargor to the Noteholder under the Promissory Note are to be secured pursuant to this charge.
Sylvie André
France
Local time: 16:44
French translation:request for clarification
Explanation:
If my memory serves me right, under the Land Property Act 1925 (?) then a mortgage is a charge on property.

Just checked, it is the Law of Property Act, 1925 (LPA, 1925)...

A "charge" is a "legal or equitable interest inland, securing the payment of money. It gives the creditor in whose favour the charge is created (the 'chargee') the right to payment from the income or proceeds of sale of the mand charged in priority to claims against the debtor by unsecured creditors" (Oxford Dic of Law).
(Useful in the event of bankruptcy as a chargee has high priority in the rnaking of creditors).

The 'chargor' is the other side to the story, the one who has to pay up etc...

As to your term "account charge", when you consider that udner the provisons of the LPA 1925, the only valid legal charges are (selon Oxford Dic - again)

"1 - a rent charge payabale immediately and for a fixed period, or in perpetuity ;
2 - a charge by way of leagl mortgage" and
3 - other charges arising under statute..."

je ne vois pas comment intégrer votre terme "account charge" dans l'extrait donné.

Pourriez-vous donner plus d'info?

Nikki

Selected response from:

Nikki Scott-Despaigne
Local time: 16:44
Grading comment
1 KudoZ points were awarded for this answer

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Summary of answers provided
nafrais de tenue de compte
Nikki Scott-Despaigne
narequest for clarification
Nikki Scott-Despaigne


  

Answers


2 hrs
request for clarification


Explanation:
If my memory serves me right, under the Land Property Act 1925 (?) then a mortgage is a charge on property.

Just checked, it is the Law of Property Act, 1925 (LPA, 1925)...

A "charge" is a "legal or equitable interest inland, securing the payment of money. It gives the creditor in whose favour the charge is created (the 'chargee') the right to payment from the income or proceeds of sale of the mand charged in priority to claims against the debtor by unsecured creditors" (Oxford Dic of Law).
(Useful in the event of bankruptcy as a chargee has high priority in the rnaking of creditors).

The 'chargor' is the other side to the story, the one who has to pay up etc...

As to your term "account charge", when you consider that udner the provisons of the LPA 1925, the only valid legal charges are (selon Oxford Dic - again)

"1 - a rent charge payabale immediately and for a fixed period, or in perpetuity ;
2 - a charge by way of leagl mortgage" and
3 - other charges arising under statute..."

je ne vois pas comment intégrer votre terme "account charge" dans l'extrait donné.

Pourriez-vous donner plus d'info?

Nikki



Nikki Scott-Despaigne
Local time: 16:44
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
Login to enter a peer comment (or grade)

3 hrs
frais de tenue de compte


Explanation:
Eh bien, s'il ne s'agit de rien d'autre que les frais bancaires - donc une fausse piste dans le mot "charge", quelle piège ! - j'opterais pour les "frais de tenue de compte" (cf. LGDT)

Bonne journée,

Nikki


    Reference: http://www.granddictionnaire.com
Nikki Scott-Despaigne
Local time: 16:44
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
Login to enter a peer comment (or grade)




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