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istituto vincolatario

English translation: lien-holder

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:istituto vincolatario
English translation:lien-holder
Entered by: Heather Phillips

12:05 Aug 23, 2016
Italian to English translations [PRO]
Bus/Financial - Insurance / INSURANCE DOCUMENTATION
Italian term or phrase: istituto vincolatario
ART. 5 - VINCOLO (OPERANTE SOLO SE INDICATO IL NOME DELL’ISTITUTO VINCOLATARIO NELLA SCHEDA DI POLIZZA)
I ALSO HAD THE HEADING "VINCOLI" IN AN ACCOMPANYING DOCUMENT:
Per effetto del presente vincolo la Società Assicuratrice e l'Assicurato assumono espressamente i seguenti obblighi .
1) ln caso dl sinistro la Societa assicuratrice si obbliga a dare awiso alla Banca, che potrà intervenire nella liquidazlone dél sinistro e le somme che verranllo liquidate dalla Societa assicuratrice dovranno essere trattenute slno alla concorrenza dal suo cred!to, ad esclusiva disposizione dela banca che potrà anche ritirarlo con la sola sua ricevuta


I have found "assignment" in this context, but would like this confirmed or contradicted please. Many thanks.
The insurance relates to FACILITY MIDDLE MARKET insurance and the document comes from Italy.
Heather Phillips
United Kingdom
Local time: 07:10
lien-holder
Explanation:
this is what I think it is
Selected response from:

Helena Grahn
United Kingdom
Local time: 07:10
Grading comment
This seems to be correct in this context as there seems to be some kind of assignment of rights.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1lien-holder
Helena Grahn
3 +1lien holder (the institution holding the lien)/beneficiary of the commitment
Anca Malureanu
2contracting or covenanting institution
Adrian MM. (X)


  

Answers


1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5
contracting or covenanting institution


Explanation:
an answer based on previous 'ente' variations, albeit without any lien-holding connotations cf. an institutional building or engineering contractor.

Example sentence(s):
  • Institutional contractor: an individual who performs work for on or behalf of any Agency under a contractor and who, in order to perform work specified under the contract,

    Reference: http://www.proz.com/kudoz/italian_to_english/law_patents/543...
    Reference: http://www.proz.com/kudoz/italian_to_english/insurance/48066...
Adrian MM. (X)
Local time: 08:10
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
lien-holder


Explanation:
this is what I think it is

Helena Grahn
United Kingdom
Local time: 07:10
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
This seems to be correct in this context as there seems to be some kind of assignment of rights.

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
1 day 17 hrs
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
lien holder (the institution holding the lien)/beneficiary of the commitment


Explanation:
vincolo = security interest (mortgage, pledge) or a commitment
here, apparently there is only a commitment made by the Insurance company to the bank, no other further specification


    Reference: http://www.linguee.it/italiano-inglese/search?source=auto&qu...
Anca Malureanu
Romania
Local time: 09:10
Specializes in field
Native speaker of: Romanian
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
1 day 16 hrs
Login to enter a peer comment (or grade)



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