to proceed against collateral

German translation: eine Sicherheit verwerten

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:to proceed against collateral
German translation:eine Sicherheit verwerten
Entered by: birgitadler
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09:08 Oct 5, 2013
English to German translations [PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: to proceed against collateral
Aus einem "Cross Collateralization Agreement":
"All property (real or personal) of Borrower which is collateral for any of the Obligations, present or future, direct or contingent, joint or several, shall be collateral for all of the Obligations. Borrower understands and agrees that a default or demand under the terms of any of the Obligations shall give Lender the ***right to proceed against any or all of the collateral*** held by Lender as security for any of the Obligations."

Ich würde es übersetzen als "die Sicherheit verwerten". Kann das jemand bestätigen oder einen anderen Vorschlag machen?
DIV!
birgitadler
Germany
Local time: 05:31
die Sicherheiten verwerten
Explanation:

s. Diskussion.
Selected response from:

DERDOKTOR
Local time: 05:31
Grading comment
Danke für die Bestätigung und Erläuterung!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1die Sicherheiten verwerten
DERDOKTOR


Discussion entries: 3





  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
die Sicherheiten verwerten


Explanation:

s. Diskussion.

DERDOKTOR
Local time: 05:31
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 445
Grading comment
Danke für die Bestätigung und Erläuterung!

Peer comments on this answer (and responses from the answerer)
agree  Sebastian Witte
14 mins
  ->  Danke, Sebastian !
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