cancelación de prenda sin desplazamiento

English translation: cancellation of the non-possesory pledge (or) registered security interest

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:cancelación de prenda sin desplazamiento
English translation:cancellation of the non-possesory pledge (or) registered security interest
Entered by: AliciaJuana

09:04 Jan 16, 2017
Spanish to English translations [PRO]
Bus/Financial - Government / Politics / registry
Spanish term or phrase: cancelación de prenda sin desplazamiento
This is from the commercial registry of El Salvador.
Source: http://www.cnr.gob.sv/documentos/rc/enero_febrero_2015/Cance...
AliciaJuana
Philippines
cancellation of the non-possesory pledge (or) registered security interest
Explanation:
What in many Spanish-speaking jurisdictions is known as "prenda sin desplazamiento de la posesión" is generally rendered as "non-possesory pledge" and is a type of registered security interest.

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Note added at 25 mins (2017-01-16 09:29:35 GMT)
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From a Spanish source: "...The product of these tendencies was the Law of 16 December 1954 regulating the non-possesory pledge ('prenda sin desplazamiento') ...the key factor to reinforce the system lies in the erga omnes effects of the registered security interest."

Teresa Rodríguez de las Heras Ballell. "Introduction to Spanish Private Law." London: Routledge Cavendish, 2010, p. 209.

(Several Spanish sources have invented a literal translation --"pledge without displacement"-- which is fairly meaningless, although much copied.)
Selected response from:

Rebecca Jowers
Spain
Local time: 20:35
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2cancellation of the non-possesory pledge (or) registered security interest
Rebecca Jowers


  

Answers


15 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
cancellation of the non-possesory pledge (or) registered security interest


Explanation:
What in many Spanish-speaking jurisdictions is known as "prenda sin desplazamiento de la posesión" is generally rendered as "non-possesory pledge" and is a type of registered security interest.

--------------------------------------------------
Note added at 25 mins (2017-01-16 09:29:35 GMT)
--------------------------------------------------

From a Spanish source: "...The product of these tendencies was the Law of 16 December 1954 regulating the non-possesory pledge ('prenda sin desplazamiento') ...the key factor to reinforce the system lies in the erga omnes effects of the registered security interest."

Teresa Rodríguez de las Heras Ballell. "Introduction to Spanish Private Law." London: Routledge Cavendish, 2010, p. 209.

(Several Spanish sources have invented a literal translation --"pledge without displacement"-- which is fairly meaningless, although much copied.)

Rebecca Jowers
Spain
Local time: 20:35
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 104
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
agree  patinba
2 hrs
  -> Gracias, patinba

agree  Robert Carter: Exactly. The "prenda sin desplazamiento" came up in a recent translation and I found this to be the meaning. https://es.wikipedia.org/wiki/Prenda_sin_desplazamiento
6 hrs
  -> Thanks, Robert
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