ILEC
Voci Unit 13: secured transactions
Voci Unit 13: secured transactions
Set of flashcards Details
| Flashcards | 38 |
|---|---|
| Language | English |
| Category | English |
| Level | Other |
| Created / Updated | 26.11.2011 / 02.01.2012 |
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Collocation:
fully
agree; recommend, support; understand
Collocation:
sincerely
believe; hope; regret
Collocation:
strongly
advise; agree; object to; recommend, suggest, support
Collocation:
wholeheartedly (von ganzem Herzen, voll und ganz)
agree; believe; recommend, support
unsettled area of law
area in which the law is open to interpretation.
accounts receivable (book debts)
Forderungen / Ausstände
contingent on
abhängig von
depending on sth that may happen in the future.
to deem
meinen
informal: think
desist
unterlassen
informal: stop
to endeavour
sich bemühen / bestreben
informal: try
to enquire
nachfragen, anfragen
informal: ask
to ensure
garantieren, gewährleisten
informal:
to evince sth
etw bekunden / zeigen
informal: show
to intimate sth
etwas bekunden / etwas bekannt geben
informal: suggest
to persue
prüfen / durchegehen / durchlesen
informal: look through
secured transaction
A secured transaction is created by means of a security agreement in which a lender (the secured party) may take specified collateral owned by the borrower if he or she should default on the loan.
security (in the context of the law of secured transactions)
something given as a guarantee that an undertaking will be fulfilled or a loan repaid.
right in rem
dingliches Recht
in rem = against or about a thing
possessory interest
the creditor takes possession of the property which is the security interest
pawn
pfänden
to leave something valuable with a pawnbroker in order to borrow money from them.
non-possesory security: security interest in specific assets: chattel mortgage
A chattel mortgage is a mortgage that provides for a security interest in assets other than real estate to secure the loan. In the event of a default in payments, the lender has a lien in the assets used as collateral for the loan.
In most states, a security agreement has replaced the use of chattel mortgages.
non-possessory security: security interest in specific assets: floatin lien
Floating lien is a general lien against a set of assets, such as inventory or accounts receivable, in which the assets are not specifically identified. It is a lien that is expanded to cover any additional property that is acquired by the lienor while the debt is outstanding
consensual
mit beidseitigem Einverständnis
involving the agreement of all or most people in a group:
to default
eine Verpflichtung nicht einhalten / in Verzug geraten
failure to do something that you are supposed to do according to the law or because it is your duty.
collateral
Pfand / Sicherheit
property or other goods that you promise to give someone if you cannot pay back the money they lend you [= security]:
a loan
Anleihe / Kredit / Darlehen
an amount of money that you borrow from a bank etc.
Collocation:
to attach
collateral; payment; a security interest;
Collocation:
to perfect
a security interest
Collocation:
to pledge (sth) (= etwas verpfänden)
collateral
Collocation:
to secure
credit; indebtedness; a loan; payment; performance
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