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08:42 Sep 20, 2000
English to Spanish translations [PRO] Law/Patents
English term or phrase:Equity Exchange/Equity Credit/Exchange Property
The document is for the transfer of a timeshare property.
1. "Equity Exchange Agreement"
2. "Equity Credit" applicable to the purchase of a vacation property...
3. The "Exchange Property" shall be granted, conveyed or assigned to...
Explanation: Speaking about timeshare property, etc., the terms might be (just a hint):
"Equity Exchange Agreement": Acuerdo de Equidad de Intercambio.
"Equity Credit": Crédito Igualitario.
"The Exchange Property shall be granted, conveyed or assigned to..."
La Propiedad en Intercambio será entregada, transferida ó asignada a...
Ivan Sanchez Local time: 09:32 Native speaker of: English PRO pts in pair: 731
Acuerdo de Intercambio de Propiedades / Crédito Hipotecario / Propiedad en Intercambio
Explanation: Equity is almost always translated as CAPITAL, which is the PATRIMONY of an individual or a corporation. Thus, it may be translated as CAPITAL, PATRIMONIO, PROPIEDAD, since it can either be money or a property itself, or stock options.
In this case it is very specifically referring to one kind of equity, ie, properties.
(See Merrian Websters definition below:)
Equity: 3 a : a right, claim, or interest existing or valid in equity b : the money value of a property or of an interest in a property in excess of claims or liens against it c : a risk interest or ownership right in property d : the common stock of a corporation