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  3. Law: Contract(s)

To charge in favour

English translation: to offer in guarantee

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:To charge in favour
Selected answer:to offer in guarantee
Entered by: Mohamed Ghazal

23:08 Jan 26, 2012
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / Terminology
English term or phrase: To charge in favour
Terms and Conditions
5.1 The Purchaser as beneficial owner hereby "charges in favour" of XXX (and where there is more than one person trading together as the Purchaser, jointly and severally) all freehold and leasehold interests in land which the Purchaser now has or may acquire with the payment of all money which may become owing to XXX by the Purchaser.

5.2 The Purchaser further acknowledges that XXX is entitled to register a Caveat at LPI NSW or the equivalent authority in another State or Territory to protect its interest under such "charge".
Mohamed Ghazal
United Arab Emirates
Local time: 07:59
to offer in guarantee
Explanation:
Please see the link below, also from Australia, which discusses charges on property.
Selected response from:

Martin Riordan
Brazil
Local time: 00:59
Grading comment
thank you
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +1to offer in guarantee
Martin Riordan
5to secure by way of charge to
Mark Robertson


  

Answers


54 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
to charge in favour
to offer in guarantee


Explanation:
Please see the link below, also from Australia, which discusses charges on property.

Example sentence(s):
  • a company creates a charge on property of the company in favour of a person who is, or in favour of persons at least one of whom is, a relevant person in relation to the charge

    Reference: http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/...
Martin Riordan
Brazil
Local time: 00:59
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
thank you

Peer comments on this answer (and responses from the answerer)
agree  Emiliano Pantoja
3 days 11 hrs
  -> Obrigado, Emiliano!
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5 hrs   confidence: Answerer confidence 5/5
to charge in favour
to secure by way of charge to


Explanation:
A charge, or legal charge, is a real encumbrance, lien or claim, which is registered against land. Effectively it can be the same thing as a mortgage.

Mark Robertson
Local time: 04:59
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
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