Nov 2, 2005 09:38
18 yrs ago
79 viewers *
Italian term
padre di famiglia
Italian to English
Other
Business/Commerce (general)
Bank requirements for a loan.
I've seen this in other similar contracts but I've always found it rather strange and so informal. Would you suggest a simple literal translation?
"tenere da buono e diligente padre di famiglia i beni offerti in garanzia..."
I've seen this in other similar contracts but I've always found it rather strange and so informal. Would you suggest a simple literal translation?
"tenere da buono e diligente padre di famiglia i beni offerti in garanzia..."
Proposed translations
(English)
Proposed translations
+7
8 mins
Selected
normal due diligence
This expression, 'diligenza del buon padre di famiglia' is used a lot in the Italian law system to define the normal due diligence to be used in carrying out activities.
Peer comment(s):
| agree |
Jean Martin
: or "all due diligence" which is a phrase commonly used in contracts.
37 mins
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| agree |
ejike
1 hr
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| agree |
Antonio Caselli
1 hr
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| agree |
Jo Macdonald
3 hrs
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| agree |
Peter Cox
3 hrs
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| agree |
silvia b (X)
3 hrs
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| agree |
S K
4 hrs
|
4 KudoZ points awarded for this answer.
Comment: "thx"
5 mins
Neil Crockford
Native in English
Specializes in field
40 years' industry experience
Native in: English 
Works in: German to English, Portuguese to English, Spanish to English, and 7 more.
Related KudoZ points
:
4
as a reasonable man
You cannot translate it literally. The concept of the "good father of a family" is usually expressed in English by the idea of "the reasonable man"
9 mins
in a careful and responsible manner
or just 'carefully'. anyway, it's usually in the sense.
3 hrs
Science451
Italy
Italy
Native in Italian
Italy
16+Yrs IT Exp - Fast, Accurate, Reliable
Native in: Italian
Works in: English to Italian, French to Italian, Italian to English
Related KudoZ points
:
12
reasonable diligence / prudent man rule
HTH
+2
5 hrs
good and diligent custodian/keep and maintain
With the context given, this reads that the borrower is held responsible for maintaining the assets pledged (guaranteeing the load) in good value. The borrow has an obligation to maintain the assets and ensure, to the extent possible, that they do not lose value (in terms of use or in terms of market value). Otherwise the value of the guarantee/pledge/collateral diminishes and the loan moves from a truly secured loan to an unsecured loan. If I trash my house immediately after mortgaging it, for example.
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Note added at 5 hrs 3 mins (2005-11-02 14:42:43 GMT)
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following is one example from a U.S. loan document (property given as guaranteed/security)
keep and maintain the Properties in a good state of repair and condition and consistent with the AREC Loan Documents and past practices;
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Note added at 5 hrs 3 mins (2005-11-02 14:42:43 GMT)
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following is one example from a U.S. loan document (property given as guaranteed/security)
keep and maintain the Properties in a good state of repair and condition and consistent with the AREC Loan Documents and past practices;
Peer comment(s):
| agree |
Paul Packer
: agree, this meets the case more precisely
19 hrs
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| agree |
marionclarion
1 day 3 hrs
|
Discussion