GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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11:54 Apr 12, 2019 |
Chinese to English translations [PRO] Law: Contract(s) / lease contract | |||||
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| Selected response from: jyuan_us United States Local time: 22:47 | ||||
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Summary of answers provided | ||||
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4 | as a collateral disposed of by a mortgagee |
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as a collateral disposed of by a mortgagee Explanation: 1. "Real estate mortgage" means a civil juristic act in which the mortgagor supplies his/her legitimately owned real estate or real estate property right (hereinafter both referred to as real estate), without transferring the mode of occupancy, to the mortgagee as a guaranty for the performance of an obligation on time (including the repayment for a loan, similarly hereinafter), and the mortgagee has the right to dispose of the collateral according to law and has the priority for repayment when the obligation can not be performed on time; (一)房地产抵押是指抵押人向抵押权人提供其合法拥有的房地产或房地产权利(以下统称房地产),以不转移占有的方式作为按期履行债务(包括归还贷款,下同)的担保,在不能按期履行债务时,抵押权人有权依法处分抵押物,并优先得到偿还的民事行为; |
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