gjeldsbrev med salgspant

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22:41 Apr 25, 2018
Norwegian to English translations [PRO]
Bus/Financial - Finance (general) / loans
Norwegian term or phrase: gjeldsbrev med salgspant
the title of a form issued by a financial institutionTurn social sharing on.
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tihomir
Iceland


Summary of answers provided
5promissory note with a lien
Charlesp


  

Answers


13 days   confidence: Answerer confidence 5/5
promissory note with a lien


Explanation:
this is a "promissory note with a lien"

A "salgspant" is literally a "sales-lien,” i.e. lien with the right to sell the hypothecated property.

The Norwegian rules "salgspant" and on retention of title are found in the Mortgages and Pledges Act.

It could be asserted that a lien gives the holder only a right to take over the property and not the power to sell, however this right is conferred by general practice in Norway. So you don't have to add "sales" to lean, but may want to for clarity.

Charlesp
Sweden
Local time: 14:31
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Native speaker of: English
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