Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
07:28 Apr 19, 2005
English to German translations [PRO] Bus/Financial - Finance (general) / Mortgages
English term or phrase:principal deficiency ledger
Aus der Beschreibung der Produkte eines britischen Mortgage-Unternehmens (PPP, daher wenig Kontext):
"Structural Features & Trigger Events
Cash flow allocation & early amortisation triggers
An asset trigger event occurs when an amount is debited to the AAA **** principal deficiency ledger **** of any issuer
A Non-Asset Trigger occurs if (a) there is a Seller Insolvency, (b) the administration standard is breached and a replacement administrator is not found or (c) the current Seller Share in the trust is less than the minimum seller share for 2 consecutive months..."