au premier rang hypothécaire et sans concours
English translation: first in mortgage priority and without ranking pari passu
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| 11:55 Jan 17, 2008 |
| French to English translations [PRO] Law/Patents - Real Estate | |||||||
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|  Selected response from: Adrian MM. (X) Local time: 19:27 | ||||||
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| 4 | as a senior mortgage |
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| 3 | first in mortgage priority and without ranking pari passu |
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Answers
2 hrs confidence: 
first in mortgage priority and without ranking pari passu Explanation: sans concours - without equality of rights of competing charges. Pari passu would make the cert. rank equally with any prior or subsequent charges. Example sentence(s):
Reference: http://www.finance-glossary.com/terms/pari-passu.htm?id=1080... |
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7 hrs confidence:
as a senior mortgage Explanation: By definition, there can only be one senior mortgage (it's a conveyance of title to the property, after all) and it outranks everything junior to it. So no need to translate 'sans concours', unless you think your client is too ignorant to appreciate a correct translation and will think that you have left something out. Also called "first mortgage". |
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