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Glossary entry

Spanish term or phrase:

derecho real de prenda en primer grado y lugar de privilegio

English translation:

...in rem rights with first ranking lien (or first pledge) and privilege (priority)

Added to glossary by Mónica Sauza
Nov 4, 2008 16:23
16 yrs ago
16 viewers *
Spanish term

derecho real de prenda en primer grado y lugar de privilegio

Spanish to English Law/Patents Law: Contract(s)
Por la presente notifico a ustedes, que como titular registrado de la cantidad de............ acciones, representativas del ...........% capital social de esa compañía, en el día de la fecha he constituido **derecho real de prenda en primer grado y lugar de privilegio** sobre las referidas acciones, (según detalle que más abajo se efectúa), a favor de XXX.

Tengo algunas versiones, pero no estoy segura.
¿Me dan una manito?
Muchas gracias!
Claudia
Proposed translations (English)
4 +2 ...in rem rights with first ranking lien (or first pledge) and privilege (priority)
4 I have deposited the said shares by way of first-ranking and preferential pledge in favour of...
Change log

Nov 4, 2008 16:24: Tomás Cano Binder, BA, CT changed "Language pair" from "English to Spanish" to "Spanish to English"

Nov 5, 2008 13:59: Mónica Sauza changed "Edited KOG entry" from "<a href="/profile/31675">claudia bagnardi's</a> old entry - "derecho real de prenda en primer grado y lugar de privilegio"" to ""...in rem rights with first ranking lien (or first pledge) and privilege (priority)""

Discussion

Mónica Sauza Nov 5, 2008:
Thank you Claudia! Have a nice day yourself.
I. Urrutia Nov 4, 2008:
Necesitas la traducción al inglés o una aclaración del término en español?

Proposed translations

+2
1 hr
Selected

...in rem rights with first ranking lien (or first pledge) and privilege (priority)

Peer comment(s):
agree eski : .2 Pledge. This is a right in rem which is granted over. rights and movable goods, including but ..... first exhausting its rights against the main debtor. ...:)
25 mins
¡Bien! ¡Gracias de nuevo! ;o)
agree MikeGarcia : Me gusta, me gusta.....como me gusta!!!
17 hrs
Muchas gracias caballero!!!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I agree with Wordwatcher that it is a tautology. That was why I asked the question. As the text refers to the pledge once and again, I though "first ranking lien" here would suffice, so I'll let the client know about it. Thank you Monica and Wordwatcher and the always helpful agrees! Have a nice day. Claudia"
1 hr

I have deposited the said shares by way of first-ranking and preferential pledge in favour of...

The Spanish seems tautologous: a “prenda” is already a “derecho real”, and if the “prenda” is “en primer grado” it is necessarily “privilegiada”. It may be that the phrase is intended to emphasise that the pledgor has parted with possession of the shares.
Something went wrong...
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