Glossary entry

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

Discussion

mike23 Jul 14, 2016:
To zgrabne. "hipoteka podporządkowana" i "zastaw podporządkowany". Tutaj ma być czasownikowo, czyli "ustanowić hipotekę/zastaw ..."
Roman Kozierkiewicz Jul 14, 2016:
sub-mortgage W dokumentach UE termin ten jest tłumaczony jako "hipoteka podporządkowana"

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

--------------------------------------------------
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
Something went wrong...
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/
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
Peer comments on this reference comment:

agree mike23
1 hr
thnkx
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search