garantía real accesoria

English translation: accessory security right

10:51 Nov 29, 2011
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: garantía real accesoria
Legal report, from Spain I believe, appraising a business transaction

el Banco requiriera garantías suplementarias...y eso a modo de **garantía real accesoria**
Gillian Holmes
United Kingdom
Local time: 13:15
English translation:accessory security right
Explanation:
.

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Note added at 33 mins (2011-11-29 11:24:58 GMT)
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"En particular, en lo que respecta a las operaciones con créditos rotatorios, una garantía real es accesoria en el sentido de que si bien puede garantizar futuros adelantos y obligaciones fluctuantes, no puede ser ejecutada si no se ha pagado ningún adelanto sobre el préstamo y no puede rebasar la cuantía de la obligación adeudada"

"In particular, with respect to revolving loan transactions a security right is accessory in the sense that, while it can secure future advances and fluctuating obligations, it cannot be enforced if there is no advance on the loan and cannot surpass the amount of the obligation owed at the time of"

http://daccess-ods.un.org/access.nsf/Get?Open&DS=A/CN.9/631/...

"[...] párrafo 130 supra), la norma general en casi todos los Estados, y la que se recomienda en la presente Guía, es que si una garantía real se ha hecho oponible frente a terceros, la oponibilidad a terceros se hace automáticamente extensiva a toda garantía real accesoria que garantice el pago de la obligación principal sin necesidad de tomar ninguna otra medida."

"As already discussed (see para. 130 above), the general rule in most States and the one recommended in the Guide is that, if a security right has been made effective against third parties, third-party effectiveness automatically extends to any accessory security rights securing payment of the principal obligation without the need for any further act."

http://www.uncitral.org/pdf/english/texts/security-lg/e/09-8...
Selected response from:

Marta Moreno Lobera
Spain
Local time: 14:15
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4accessory security right
Marta Moreno Lobera
4additional real estate security/collateral
Edward Tully


  

Answers


29 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
accessory security right


Explanation:
.

--------------------------------------------------
Note added at 33 mins (2011-11-29 11:24:58 GMT)
--------------------------------------------------

"En particular, en lo que respecta a las operaciones con créditos rotatorios, una garantía real es accesoria en el sentido de que si bien puede garantizar futuros adelantos y obligaciones fluctuantes, no puede ser ejecutada si no se ha pagado ningún adelanto sobre el préstamo y no puede rebasar la cuantía de la obligación adeudada"

"In particular, with respect to revolving loan transactions a security right is accessory in the sense that, while it can secure future advances and fluctuating obligations, it cannot be enforced if there is no advance on the loan and cannot surpass the amount of the obligation owed at the time of"

http://daccess-ods.un.org/access.nsf/Get?Open&DS=A/CN.9/631/...

"[...] párrafo 130 supra), la norma general en casi todos los Estados, y la que se recomienda en la presente Guía, es que si una garantía real se ha hecho oponible frente a terceros, la oponibilidad a terceros se hace automáticamente extensiva a toda garantía real accesoria que garantice el pago de la obligación principal sin necesidad de tomar ninguna otra medida."

"As already discussed (see para. 130 above), the general rule in most States and the one recommended in the Guide is that, if a security right has been made effective against third parties, third-party effectiveness automatically extends to any accessory security rights securing payment of the principal obligation without the need for any further act."

http://www.uncitral.org/pdf/english/texts/security-lg/e/09-8...

Marta Moreno Lobera
Spain
Local time: 14:15
Specializes in field
Native speaker of: Spanish
PRO pts in category: 18
Notes to answerer
Asker: Gracias Mercedes, muy amable!

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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
additional real estate security/collateral


Explanation:
i.e. a loan guaranteed by property.
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Edward Tully
Local time: 14:15
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 825
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