Sicherungübereignung
English translation: Assignment as security
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| 10:40 May 21, 2002 |
| German to English translations [PRO] Bus/Financial / Audit report | |||||||
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|  Selected response from: Kathi Stock United States Local time: 14:10 | ||||||
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| 4 +1 | assignment as security |
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| 4 +1 | transfer of ownership as security |
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| 4 +1 | sentence |
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| 4 | see suggestion below |
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| 4 | chattel mortgage |
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| Discussion entries: 2 | |
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Answers
15 mins confidence: 
see suggestion below Explanation: ... still looking for 100% "legalese" EN term but following paraphrase should be workable albeit a bit long-winded: "car/vehicle (temporarily) transferred into ownership of bank" (the co./person in question is liable to) - my assumption since section deals with bank (=Kreditinstitute) liabilities The missing "s" in the original term given in your text is 110% a typo. |
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18 mins confidence: peer agreement (net): +1
peer agreement (net): +1assignment as security Explanation: would be another option to transfer of property by way of security Source: Schäfer |
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Grading comment
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21 mins confidence: peer agreement (net): +1
peer agreement (net): +1transfer of ownership as security Explanation: That's the term I've seen used. Reference: http://www.unisa.ac.za/dept/priv_law/postgrade/private_postg... Reference: http://www.law.mcgill.ca/academics/coursenotes/smithl/ |
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1 hr confidence:
chattel mortgage Explanation: This is the term used for a financial arrangement initiated by the vehicle owner (not the court). That means the rights of ownership are still intact. Key Features of the Chattel Mortgage: Vehicle/equipment is available for immediate use in the business with no capital outlay; use the Chattel mortgage to purchase assets being used to generate income in your business, with a minimum finance amount of $18,000. Enables you to spread the cost of acquisition over the useful life of the vehicle/equipment as it generates income; the minimum term is 12 months with a 60 month maximum term. http://www.mcf.com.au/products_chattelmortgage.asp The right term will depend on the details within your context. |
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1 hr confidence: peer agreement (net): +1
peer agreement (net): +1sentence Explanation: bail bond over EUR 000, placement of lien on funds in bank account, with personal property (inventory) exempt, execution of judgment on vehicle |
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