48 mins confidence:   peer agreement (net): +2 | (an ...Pfandstelle) haftend ranking in priority (of registered charges or liens)
Explanation:
an 1. Pfandstelle haftenden Papier-Namenschuldbriefes : a registered debenture document (charge) ranking first in priority.
Mortgages and E&W charges / AmE: liens over land, stocks & shares can rank in priority. 'Pledges' and pawns generally don't, so do not move up or down the queue of creditors, but are self-contained security.
Example sentence(s):- The first principle is simple. A fixed charge – that is, a charge secured against one or more specific (i.e. fixed) assets – will always take priority over a floating charge, which is a charge over current and future assets generally.
Reference: http://www.fsp-law.com/priorities-of-security-an-overview/
| Adrian MM.
Austria
Specializes in field
Native speaker of:  English
PRO pts in category: 24
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| | Grading comment | Thank you for the quick and comprehensive answer. |
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1 day 35 mins confidence: peer agreement (net): -1 | (1. Pfandstelle) haftend liable on (the subject matter with the 1st priority)
Explanation:
Die Kontextübersetzung gestaltet sich mit der Fachterminologie (siehe Referenzkommentar) und den ergänzenden Links:
2. Schuldbrief FIN CH (Schuldschein):
Schuldbrief | promissory note
https://de.pons.com/übersetzung/deutsch-englisch/Schuldbrief
nominal sum | der Nennbetrag Pl.: die Nennbeträge
wie folgt:
https://dict.leo.org/englisch-deutsch/nominal
The purchase price amounts to CHF XX and shall be redeemed not involving the notary's office or the land registry office (city) as follows:
CHF XX by redemption of the registered promissory note liable on the subject matter with the 1st priority for nominal CHF XX, with a value of today's transfer of ownership, by the acquiring party's bank (BANK X) at the selling party's bank (BANK Y).
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