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promessa de constituição de penhor

English translation: promise of pledge/pledging of shares

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:promessa de constituição de penhor
English translation:promise of pledge/pledging of shares
Entered by: Márcia Francisco

18:17 Apr 13, 2020
Portuguese to English translations [PRO]
Bus/Financial - Finance (general)
Portuguese term or phrase: promessa de constituição de penhor
Tabela de empréstimo com as linhas: finalidade, prazo, taxa de juro e garantias. Nesta última temos:
- Penhor sobre a totalidade das ações
- Promessa de constituição de penhor sobre novas ações da empresa, representativas de pelo menos 10% do capital emitido."
Márcia Francisco
Portugal
Local time: 15:40
promise of pledge/pledging of shares
Explanation:
https://economictimes.indiatimes.com/definition/share-pledge

https://www.investopedia.com/terms/p/pledgedasset.asp
Selected response from:

Ana Vozone
Local time: 15:40
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +1promise of pledge/pledging of shares
Ana Vozone
3agreement to create a (US) lien (E&W) give a charge /over new company shares/
Adrian MM.
3commitment to attach the shares
Mario Freitas


  

Answers


1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
promise of pledge/pledging of shares


Explanation:
https://economictimes.indiatimes.com/definition/share-pledge

https://www.investopedia.com/terms/p/pledgedasset.asp


    https://www.lawinsider.com/contracts/1asxa4x8Q4O1wDxjk28avr/sacyr-vallehermoso-sa/guarantee-agreement/2007-01-05#promise-of-pledge-on-shares
Ana Vozone
Local time: 15:40
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 238

Peer comments on this answer (and responses from the answerer)
agree  Mark Robertson
38 mins
  -> Many thanks, Mark!
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
promessa de constituição de penhor /sobre novas ações da empresa/
agreement to create a (US) lien (E&W) give a charge /over new company shares/


Explanation:
The prepositional suffix of 'sobre' surely militates against a pledge *over* company shares.

Also cf. the second ProZ 'security interest' web ref. in ESP.

Rarely, to make the point on ProZ yet again, in my experience of Anglo-Am legal draftingis the term of pledge (or pawn) used for company shares.



Example sentence(s):
  • UK: Charges over shares of companies incorporated under English law are not uncommon, often as part of a group banking facility, where subsidiary company shares are charged by the borrowing parent company in favour of the lender.
  • US Lien agreement form: you make all your payments on time until the vehicle is paid in full, and at that moment the bank gives you the car's title.

    Reference: http://eng.proz.com/kudoz/portuguese-to-english/law-contract...
    Reference: http://eng.proz.com/kudoz/spanish-to-english/law-contracts/4...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
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5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
commitment to attach the shares


Explanation:
https://www.google.com.br/search?client=firefox-a&biw=1214&b...

Mario Freitas
Brazil
Local time: 11:40
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 355
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