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16:54 Jan 28, 2002
Spanish to English translations [PRO] Bus/Financial
Spanish term or phrase:contrato de mutuo y prenda
I've put "Mutuum and Collateral Contract", but would appreciate your comments,
Sheilann Spain Local time: 18:05 Native speaker of: English PRO pts in pair: 886
24 mins confidence: peer agreement (net): +2
Consumption loan and pledge agreement
Explanation: Although Cabanellas gives "mutuum" it appears to be a very ancient word, surviving mainly in ecclesiastical contexts.
However, see the link below (from Louisiana - which the site admits is an island of civil law), which gives the useful definitions:
A commodatum, also called a loan for use, is an agreement by which a person delivers a thing to another, to use the thing and then to return it after he is done using it.
A mutuum, or loan for consumption, is an agreement by which one person delivers to another a certain quantity of things that are consumed by their use, under the obligation by the borrower to return to the other as much of the same kind and quality.