Glossary entry

German term or phrase:

Errichtung eines Grundpfandes

English translation:

establishing a lien

Added to glossary by Paula Price
Apr 27, 2009 17:45
15 yrs ago
German term

Errichtung eines Grundpfandes

German to English Law/Patents Real Estate
Ein Miterbe kann seinen Gewinnanspruch durch Errichtung eines Grundpfandes
(Grundpfandverschreibung) am zugewiesenen Gewerbe oder Grundstück gemäss den folgenden Bestimmungen
sichern lassen.

(Swiss German text)

Proposed translations

+3
10 mins
Selected

establishing a lien

often also : establishing a mortgage
Peer comment(s):

agree Ingeborg Gowans (X) : mortgage which incidentally means "death pledge"
1 hr
thanks, Ingeborg. (macabre reminder included)!
agree gangels (X) : http://translate.google.com/translate?hl=en&sl=de&u=http://w...
1 hr
thanks a lot!
agree Ingrid Moore
1 hr
many thanks!
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4 KudoZ points awarded for this answer. Comment: "Thanks!"
+1
7 mins

establishing a mortgage

Arab Finance:Piraeus Bank Egypt(PREG)intends to establish a mortgage finance company with a total capital of LE 100 million. ...
https://www.arabfinance.com/News/newsdetails.aspx?Id=121458&... - 38k - Im Cache - Ähnliche Seiten

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Note added at 10 Min. (2009-04-27 17:56:05 GMT)
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this linke is more in line with the text
How to Establish Credit to Obtain a Mortgage Loan. When applying for a home loan, you need to show that you are a good credit risk.
www.ehow.com/how_2264269_establish-credit-obtain-mortgage-l... - 57k - Im Cache - Ähnliche Seiten
Peer comment(s):

agree schnitzelplanet : Sicherung durch Hypothek = Mortgage
13 mins
thank you !
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+1
47 mins

by registering a hypothec (or 'mortgage' in Common Law countries)

...by registering a hypothec/mortgage against the property.
Peer comment(s):

agree Kim Metzger : I'd go with mortgage. http://dictionary.reference.com/browse/hypothec?qsrc=2446
23 mins
Thank you for taking the time to comment. Obviously, we have a dilemma here, bearing in mindwe are dealing with a 'Swiss German text'. As you know, Switzerland is a (German) Civil Law country while asker resides ina Common Law country.
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5 hrs

creation of a (UK) fixed charge

Not possible in the UK to take a lien over a business or land, though it might be in the US.

Either a floating charge is taken over the undertaking of a company or a farmer's business personally (UK Agricultural Credits Act 1928) - or else a fixed charge is taken over land. In this Swiss case, it looks like a fixed charge is taken over both the trade and land.

Also see Leo below: real (collateral?) security.

In E&W, this inheritance scenario might raise the spectre of a a 'floating constructive trust' crystallising on the death of one maker of a joint or mutula Will: Birmingham vs. Renfrew (1937).

Example sentence:

Fixed charges and security interests | | UK Solicitors & lawyers overview fixed charge | Security interest in property to secure a debt.

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