Glossary entry (derived from question below)
English term or phrase:
sub-mortgage, sub-charge
Polish translation:
ustanowić dalsze zabezpieczenie na hipotece / ... na zastawie
Added to glossary by
Anna Biernacka-Wierzbicka
Jul 14, 2016 10:47
7 yrs ago
15 viewers *
English term
sub-mortgage, sub-charge
English to Polish
Bus/Financial
Finance (general)
The Secured Party may assign, transfer, mortgage, charge, sub-mortgage, sub-charge, declare a trust over or otherwise grant interests in, or dispose of, or otherwise vest in any person the whole or any part of the benefit of this Confirmation and its interest, rights and/or obligations hereunder to any person
Proposed translations
(Polish)
2 | ustanowić dalsze zabezpieczenie na hipotece / ... na zastawie | mike23 |
Proposed translations
2 hrs
Selected
ustanowić dalsze zabezpieczenie na hipotece / ... na zastawie
dokonać dalszego zabezpieczenia na hipotece / dokonać dalszego zabezpieczenia na zastawie
ustanowić dalsze zabezpieczenie (=podzabezpieczenie) na...
jest też termin archaiczny "podzastaw", ale "podhipoteki" nie widziałem
Nie chodzi o wpis na dalszych pozycjach w hipotece, ale o posłużenie się istniejącym zabezpieczeniem (hipoteką, zastawem) do ustanowienia dalszego/kolejnego zabezpieczenia
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Note added at 4 days (2016-07-19 10:46:32 GMT) Post-grading
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Opcja 2, tak jak proponuje p. Roman w dyskusji: ustanowić hipotekę podporządkowaną/zastaw podporządkowany
ustanowić dalsze zabezpieczenie (=podzabezpieczenie) na...
jest też termin archaiczny "podzastaw", ale "podhipoteki" nie widziałem
Nie chodzi o wpis na dalszych pozycjach w hipotece, ale o posłużenie się istniejącym zabezpieczeniem (hipoteką, zastawem) do ustanowienia dalszego/kolejnego zabezpieczenia
--------------------------------------------------
Note added at 4 days (2016-07-19 10:46:32 GMT) Post-grading
--------------------------------------------------
Opcja 2, tak jak proponuje p. Roman w dyskusji: ustanowić hipotekę podporządkowaną/zastaw podporządkowany
4 KudoZ points awarded for this answer.
Reference comments
44 mins
Reference:
submortgage //sub-charge (sub-security)
What is SUBMORTGAGE?
When a person who holds a mortgage as security for a loan which he has made, procures a loan to himself from a third person, and pledges his mortgage as security, he effects what is called a "submortgage."
Law Dictionary: What is SUBMORTGAGE? definition of SUBMORTGAGE (Black's Law Dictionary)
http://thelawdictionary.org/submortgage/
c
A submortgage is an agreement in which a mortgage lender uses a mortgage held by him/her as collateral for his/her own loan. The original lender uses a borrower’s property rather than his/her own property for getting loan for his or her personal use.
http://definitions.uslegal.com/s/submortgage/
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sub-security
Used to describe circumstances where, broadly, a person (sub-security holder) gets the benefit of another person's (original security holder's) security interest (to the extent it is permitted by the terms of the original security), either by taking security over that original security or having the original security transferred to them. In either case, the subsequent interest in the original security may be known as sub-security. A mortgage, charge or pledge may be dealt with in this way (and the subsequent security is commonly known as a sub-mortgage, sub-charge or sub-pledge accordingly). Sub-security may be created for a number of reasons including, as security for a debt owed by the original security holder to the sub-security holder or as part of a transfer of assets to the sub-security holder.
The original security may be given to, or acquired by, the sub-security holder by:
A mortgage (or charge) of the original security.
A legal assignment or equitable assignment (that is, a transfer) of the original security.
http://uk.practicallaw.com/8-505-9562
When a person who holds a mortgage as security for a loan which he has made, procures a loan to himself from a third person, and pledges his mortgage as security, he effects what is called a "submortgage."
Law Dictionary: What is SUBMORTGAGE? definition of SUBMORTGAGE (Black's Law Dictionary)
http://thelawdictionary.org/submortgage/
c
A submortgage is an agreement in which a mortgage lender uses a mortgage held by him/her as collateral for his/her own loan. The original lender uses a borrower’s property rather than his/her own property for getting loan for his or her personal use.
http://definitions.uslegal.com/s/submortgage/
cccccccccccccccccc
sub-security
Used to describe circumstances where, broadly, a person (sub-security holder) gets the benefit of another person's (original security holder's) security interest (to the extent it is permitted by the terms of the original security), either by taking security over that original security or having the original security transferred to them. In either case, the subsequent interest in the original security may be known as sub-security. A mortgage, charge or pledge may be dealt with in this way (and the subsequent security is commonly known as a sub-mortgage, sub-charge or sub-pledge accordingly). Sub-security may be created for a number of reasons including, as security for a debt owed by the original security holder to the sub-security holder or as part of a transfer of assets to the sub-security holder.
The original security may be given to, or acquired by, the sub-security holder by:
A mortgage (or charge) of the original security.
A legal assignment or equitable assignment (that is, a transfer) of the original security.
http://uk.practicallaw.com/8-505-9562
Discussion