Glossary entry (derived from question below)
English term or phrase:
Guarantee Trust
Romanian translation:
fond fiduciar de garantare
Added to glossary by
translator2012
May 15, 2007 23:01
17 yrs ago
5 viewers *
English term
Guarantee Trust
English to Romanian
Law/Patents
Law (general)
Juridic
Guarantee Trust
Multumesc.
Multumesc.
Proposed translations
(Romanian)
3 +5 | fond fiduciar de garantare | Mihai Badea (X) |
Proposed translations
+5
7 mins
Selected
fond fiduciar de garantare
IATE spune:
ECONOMICS [COM]
EN guarantee trust
FR fonds fiduciaire de garantie
"Guarantee trust is created for the specific purpose of separating assets that are affected in the fulfillment of an obligation. It is constituted by a natural or legal person who is the debtor of a credit transaction, generally with one of the banks of the National Banking System of Costa Rica. The trustor gives assets to the fiduciary, designating the creditor bank as trustee. If the debtor fails to settle the debt, the trustee requests that the fiduciary sells the assets and pays him. It is applicable in all those negotiations expressed through contracts or agreements in which one or both parts surrender the trust in patrimony and this serves as a guarantee so that the third party, the fiduciary, obligates the contracting parts to comply with their commitments or obligations. The guarantee trust is, therefore, a contract through which the assets object of pledges or advances are surrendered to the fiduciary, by virtue of third party agreements so that the latter retains legal title of the same, until such time as the contractual terms or conditions of interest between the parts are fulfilled."
http://www.lpsc.com/articles/trustsinCR.htm
ECONOMICS [COM]
EN guarantee trust
FR fonds fiduciaire de garantie
"Guarantee trust is created for the specific purpose of separating assets that are affected in the fulfillment of an obligation. It is constituted by a natural or legal person who is the debtor of a credit transaction, generally with one of the banks of the National Banking System of Costa Rica. The trustor gives assets to the fiduciary, designating the creditor bank as trustee. If the debtor fails to settle the debt, the trustee requests that the fiduciary sells the assets and pays him. It is applicable in all those negotiations expressed through contracts or agreements in which one or both parts surrender the trust in patrimony and this serves as a guarantee so that the third party, the fiduciary, obligates the contracting parts to comply with their commitments or obligations. The guarantee trust is, therefore, a contract through which the assets object of pledges or advances are surrendered to the fiduciary, by virtue of third party agreements so that the latter retains legal title of the same, until such time as the contractual terms or conditions of interest between the parts are fulfilled."
http://www.lpsc.com/articles/trustsinCR.htm
Peer comment(s):
agree |
Ioana Costache
53 mins
|
Mulţumesc!
|
|
agree |
Lucica Abil (X)
1 hr
|
Mulţumesc!
|
|
agree |
Bogdan Burghelea
5 hrs
|
Mulţumesc!
|
|
agree |
Iosif JUHASZ
5 hrs
|
Mulţumesc!
|
|
agree |
Renata Rusu
6 hrs
|
Mulţumesc!
|
4 KudoZ points awarded for this answer.
Comment: "Mulţumesc."
Discussion