This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Spanish to English
  3. Finance (general)

libres de garantia

English translation: not pledged as collateral

10:32 Oct 25, 2019
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / corporate quarterly report
Spanish term or phrase: libres de garantia
Así, la empresa mejoró el perfil de su deuda con una vida promedio que incrementó de 1 a 8 años y liberó P$xxxxxm de activos con garantías hipotecarias, dejando aproximadamente 87% de los activos inmobiliarios libres de garantía.
lopatita
English translation:not pledged as collateral
Explanation:
As I understand it, this is a borrower, not a lender. My reading is that, as a result of restructuring their debt, they now have 87% of their real estate assets not pledged as collateral.
Selected response from:

John Rynne
Local time: 22:24
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2not pledged as collateral
John Rynne
3 +1(BrE) uncharged; lien-free
Adrian MM.


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
not pledged as collateral


Explanation:
As I understand it, this is a borrower, not a lender. My reading is that, as a result of restructuring their debt, they now have 87% of their real estate assets not pledged as collateral.

John Rynne
Local time: 22:24
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 489
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or unsecured.
6 hrs
  -> Thanks Phil, though I think "secured/unsecured" refers to the loan, not to the collateral securing it
agree  AllegroTrans
7 hrs
  -> Thanks
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(BrE) uncharged; lien-free


Explanation:
activos inmobiliarios - the company's fixed assets uncharged (unmortgaged with a *fixed or floating* charge)

... mobiliarios - unfixed/ personal hire-purchase etc. assets uncharged or non-collateralis/zed.

Pawns and pledges I tend to associate with temporary cashflow needs covered by the charging of *chattels* and not fixed assets or land, even though lawyers, ins.cos. and banks will refer to the pledging (the ENG co. law texbook term is mortgaging) of company shares.





Example sentence(s):
  • If the value of the asset is more than the total agreement price less any repayments made, you should show the surplus value of the asset as an 'Uncharged Asset ' on page A and write nothing on page A1.
  • Lien Free; Assumption of Liabilities. The Acquired Assets shall be transferred to Buyer by the Seller on the Closing Date free and clear of all Liens.

    Reference: http://assets.publishing.service.gov.uk/government/uploads/s...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: lien-free would be comprehensible cross-pond, I imagine
3 hrs
  -> Thanks. That's why I - not finding any US authority for 'unliened' - didn't preface lien-free as AmE.
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search