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Loans with recourse only to security

Spanish translation: préstamos cuya única garantía es el yate

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Loans with recourse only to security
Spanish translation:préstamos cuya única garantía es el yate
Entered by: Maria Andrade

18:53 Apr 19, 2013
English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Loans with recourse only to security
Yacht finance in a world where banks are struggling to meet deposit ratios imposed by legislators is not easy, but still possible. Loans with recourse only to security over the vessel have all but ceased.
xxxxx is in contact with lenders that will and have recently supported yacht loans. With our reputation as experts in the management of yachts, our relationship with many banks is excellent to the extent that we have acted for banks as “technical manager” to monitor yachts and report on yachts they have financed.
Maria Andrade
Local time: 04:51
préstamos cuya única garantía es el yate
Explanation:
suerte.
Selected response from:

Rafael Molina Pulgar
Mexico
Local time: 04:51
Grading comment
gracias
4 KudoZ points were awarded for this answer



Summary of answers provided
4préstamos cuya única garantía es el yate
Rafael Molina Pulgar
3préstamos que sólo recurren al título
Johanna González


  

Answers


19 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
loans with recourse only to security
préstamos que sólo recurren al título


Explanation:
Me imagino que se trata de préstamos para los cuales la única garantía/fianza que se pide es el título del yate. "préstamos que sólo recurren al título del yate como garantía..." - es decir el banco te financia el yate, pero como garantía se queda con el título hasta que se haya pagado la deuda.

Johanna González
Germany
Local time: 12:51
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
loans with recourse only to security
préstamos cuya única garantía es el yate


Explanation:
suerte.

Rafael Molina Pulgar
Mexico
Local time: 04:51
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 1097
Grading comment
gracias
Login to enter a peer comment (or grade)



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