charge over

Arabic translation: رهن على

07:57 Aug 7, 2019

English to Arabic translations [PRO]
Bus/Financial - Finance (general)

English term or phrase: charge over

(a) opening, operating and creating a charge over such bank accounts in the name of the Company in the ordinary course of business, transacting all kinds of banking operations in connection with the business of the Company, whether such bank accounts are in debit or in credit, and drawing, accepting, signing, endorsing and otherwise dealing with any cheques and other instruments of whatsoever nature;

aya omar KudoZ activity Questions: 3231 (7 open) (95 closed without grading) Answers: 4 Egypt
Local time: 13:08

Arabic translation:رهن على

Explanation:
charge
في هذا السياق مصطلح قانوني بمعنى الرهن

creating a charge over such bank accounts
إنشاء رهن على حسابات مصرفية من هذا النوع

أو إنشاء قيد على حساب (حسب البلد)

Selected response from:

Hassan Achahbar
Morocco
Local time: 12:08

Grading comment

Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +2

رهن على

Hassan Achahbar

فرض رسوم

Ashraf Aly CertTrans-CIOL

ضمان على

Ebrahim Mohammed

Summary of reference entries provided

Security in finance transactions.

Morano El-Kholy

Answers

29 mins confidence:

فرض رسوم

Explanation:
اعتقد ان المقصود هو فرض رسوم على الحسابات البنكية

Ashraf Aly CertTrans-CIOL
United Kingdom
Local time: 12:08
Native speaker of: Arabic
PRO pts in category: 8

1 hr confidence:

peer agreement (net): +2

رهن على

Hassan Achahbar
Morocco
Local time: 12:08
Specializes in field
Native speaker of: Arabic
PRO pts in category: 108

Grading comment

Selected automatically based on peer agreement.

1 hr confidence:

ضمان على

Explanation:
creating a charge over such bank accounts in the name of the Company
إحداث ضمان على الحسابات البنكية بإسم الشركة
وضع ضمان على الحسابات البنكية بإسم الشركة

...............................................................................................................

it is somekind of a pledge or a power to dispose of an account credits: as soon as there is money, so as, for example, to repay the debt.

...............................................................................................................

A charge is one of the methods of taking security recognised by English law. In daily business life it is common for corporate entities to give security to lenders over their assets either by way of mortgage, lien or charge.
https://www.fortunelaw.com/giving-security-by-way-of-a-charg...

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Note added at 2 hrs (2019-08-07 10:05:04 GMT)
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I think the accurate translation is ''ضمان'' and not ''رهن'' because of the following :

There is no transfer of legal or beneficial ownership or possession, merely an encumbrance on the asset.
The creditor has no right to possession of the asset.
The creditor can enforce security without reference to court (usually).
A charge is usually effective against a debtor on liquidation or administration.

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Note added at 2 hrs (2019-08-07 10:07:02 GMT)
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also may help:

https://www.proz.com/kudoz/english-to-arabic/law-general/180...

Ebrahim Mohammed
Germany
Local time: 13:08
Works in field
Native speaker of:

Arabic
PRO pts in category: 74

Reference comments

1 hr peer agreement (net): +1

Reference: Security in finance transactions.

Reference information:
Charges

The term 'charge' is often used as a generic term for all types of security interest, but specifically it represents an agreement between a creditor and a debtor in which a particular asset or class of assets can be used to satisfy a debt. A charge creates an encumbrance or interest which attaches to the asset and travels with it into the hands of any third parties. The only exception to this is a genuine, arms-length purchaser of the full legal ownership for value and without notice, who will acquire the asset free of the charge.

https://www.pinsentmasons.com/out-law/guides/security-in-fin...

والله أعلم

Morano El-Kholy
Egypt
Works in field
Native speaker of:

Arabic
PRO pts in category: 156

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charge over

Arabic translation: رهن على

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