Jan 27, 2010 14:49
14 yrs ago
Italian term
mutuo padre
Italian to English
Bus/Financial
Finance (general)
Mortgage certificate
Appears on a document headed up "Attestazione degli interessi passivi e degli oneri accessori sui mutui ipotecari" as one of the references at the top right hand of the page, i.e. "mutuo padre no. XXXXXX", under "mutuo no. XXXXX".
It's not a term I'm familiar with and I can't seem to find anything relevant in Italian on the internet. I thought perhaps it could be a heirarchy i.e. a "master or general mortgage" above the individual mortgage. Anyway, before going back to the client I wondered if anyone had come across it before and had any ideas.
Thanks,
Dominic
It's not a term I'm familiar with and I can't seem to find anything relevant in Italian on the internet. I thought perhaps it could be a heirarchy i.e. a "master or general mortgage" above the individual mortgage. Anyway, before going back to the client I wondered if anyone had come across it before and had any ideas.
Thanks,
Dominic
Proposed translations
(English)
4 | original mortgage | Judith McLean |
4 | First mortgage | Peter Cox |
4 | parent loan | Elizabeth Hill Barsanti (X) |
References
Not a standard term | James (Jim) Davis |
Proposed translations
40 mins
Selected
original mortgage
Just a variation on the other suggestions. I've seen this used when talking about mortgages issued to construction companies where the 'mutuo padre' is the original mortgage taken out by the builder, and which is then reduced as each apartment/unit in a new construction is sold off. A new mortgage is consequently generated as each part is sold off.
4 KudoZ points awarded for this answer.
Comment: "Thanks jcml,"
19 mins
First mortgage
My take!
25 mins
parent loan
Risultati 1 - 10 su circa 25.200.000 per parent loan.
Reference comments
30 mins
Reference:
Not a standard term
Peter's suggestion seems plausible, but the Italian Googles so poorly, I think you need to ask the client Dominic or glean clues from the context.
http://www.google.it/search?source=ig&hl=it&rlz=&=&q="mutuo ...
http://www.google.it/search?source=ig&hl=it&rlz=&=&q="mutuo ...
Discussion