13:56 Oct 25, 2019 |
Spanish to English translations [PRO] Law/Patents - Finance (general) / Contracts | |||||||
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4 | guarantee and collateral contrat |
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3 | Personal guarantee vs. collateral security or securitis/zation agreement |
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Discussion entries: 2 | |
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Personal guarantee vs. collateral security or securitis/zation agreement Explanation: Not clear whether this is Mexico or another Hispanic country, The first one would def. include a personal guarantee/ guaranty, for instance given by company directors for the company's borrowings. Whether a guarantee given by the company itself could considered 'personal' vs. corporate is another matter. (West) contrato de garantía financiera > financial guarantee contract. Garantía real > security (garantía real sobre un titíulo ; a security interest in an instrument Note AMM > this would be a securitis/zation or collateralis/zation scenario, whilst is wide enough to embrace a property mortgage / UK land charge. In the UK, a suretyship would be contained in a Deed under Seal as no 'consideration' - quid pro quo is being given. Example sentence(s):
Reference: http://www.proz.com/personal-glossaries/entry/15911509-contr... Reference: http://agreements.realdealdocs.com/Personal-Guarantee |
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Notes to answerer
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guarantee and collateral contrat Explanation: In English law, a guarantee is a contract whereby the person (the guarantor) enters into an agreement to pay a debt, or effect the performance of some duty by a third person who is primarily liable for that payment or performance. https://thelawdictionary.org/collateral-contract/ |
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