GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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16:18 Aug 29, 2001 |
Italian to English translations [PRO] Law/Patents | |||||||
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| Selected response from: Richard Boyce Local time: 18:14 | ||||||
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Summary of answers provided | ||||
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na +1 | collateral/guarantee |
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na | Privileges registration |
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na | priority use, order of precedence |
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na | registration of liens |
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Privileges registration Explanation: Buon lavoro |
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priority use, order of precedence Explanation: Grace, I sent an answer about an hour ago, and alack and alas I disappeared it instead of sending it. I had found very few records with Google of "annotazioni di privilegi," the same standard legal sentences in acts and regulations, concerning an "ordine di priorita' If these are company cars then I would say that the CEO allocated priority of use for the same, establishes a certain order of precedence, so to speak. buon lavoro Paola |
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collateral/guarantee Explanation: The way I understand the sentence the Board of Directors has the power to give the vehicles in guarantee against loans or credit lines. Banks giving a credit line to a car dealership will often take the vehicles as guarantee Privilegio (giuridico) = titolo di prelazione accordato ad un creditore rispetto ad altri creditori |
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registration of liens Explanation: Basically the Chairman has the power to purchase and sell vehicles and allow for charges/liens to be registered over the same. Privelegi can be translated as charges, liens, pledges, mortgages or encumbrances depending on the context. |
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